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Hugo Boss tells investors to snub Mike Ashley's 'inadequate' £2.3bn bid
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Hugo Boss tells investors to snub Mike Ashley's 'inadequate' £2.3bn bid
Hugo Boss has urged shareholders to throw out Mike Ashley’s £2.3bn takeover bid, with the German fashion giant’s board branding the Frasers Group offer “inadequate” and pitched at the lowest price the law allows. The board said on Thursday that the €38 (£32.40) a share offer fails to reflect the company’s value and future potential, and recommended investors turn it down. The market appears to agree: Hugo Boss shares currently trade at €37.89 an…
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