UK's Mulberry slides on rejecting second Frasers takeover proposal

Mulberry

22/10/2024 08:10

** Shares in Mulberry  MUL.L  falls 3.9% to 122.5p
    ** Luxury handbag maker rejects Fraser's  FRAS.L  sweetened
takeover proposal calling it "untenable" 
    ** MUL, majority owned by Singapore-based Challice turns
down 111 mln pound ($144 million) proposal from British
sportswear retailer FRAS  
    ** FRAS has until Oct. 28 to put forward a firm offer 
    ** Shares in Frasers up 0.6% at 815p 
    ** Mulberry down ~23% so far this year, Frasers down ~10% 

 (Reporting by Prerna Bedi in Bengaluru)
 ((Prerna.Bedi@thomsonreuters.com; +91 98052 24616;))