Mulberry has rejected a takeover bid from Mike Ashley’s Frasers Group

Mulberry bag

Source: Mulberrry

Mulberry has rejected the £83m takeover bid proposed yesterday by Mike Ashley’s Frasers Group.

In a statement published on the London Stock Exchange this morning, Mulberry said it has “considered carefully” the offer but that its majority shareholder Challice has “no interest” in supporting the bid.

 

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