XXL ASA board recommends shareholders against accepting UK's Frasers offer
05/05/2025 19:58
May 5 (Reuters) - Norwegian retailer XXL ASA's XXL.OL board of directors on Monday recommended shareholders against accepting a buyout offer from Britain's Frasers FRAS.L, adding XXL shareholders with a long-term view on their investment do not accept the offer. The offer does not adequately reflect XXL's long-term earnings potential, the company said in a statement. (Reporting by Anusha Shah in Bengaluru; Editing by Alan Barona) ((AnushaDevang.Shah@thomsonreuters.com))
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