Britain's Frasers in bid to takeover Norway's XXL ASA
06/12/2024 07:51
LONDON, Dec 6 (Reuters) - British sportswear and fashion
group Frasers FRAS.L on Friday launched a bid to takeover
Oslo-listed sporting goods retailer XXL ASA XXL.OL , offering
10 NOK ($0.9044) a share for the equity it does not own.
Frasers, majority owned by Mike Ashley, is XXL's second
largest shareholder, holding 25.8% of its issued share capital.
($1 = 11.0566 Norwegian crowns)
(Reporting by James Davey; editing by Jason Neely)
((james.davey@thomsonreuters.com;))
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