Frasers Group PLC - Derbyshire, England-based retail and intellectual property group - Will compulsorily acquire remaining MySale Group PLC shares, after its offer for the company closed in London on Tuesday. It now owns or has acceptances for its takeover offer for 95.4% of MySale shares.
As Frasers now owns shares representing in excess of 75% of MySale voting rights, it intends to make an application for the cancellation of the admission of MySale shares to trading on AIM. Frasers says that the liquidity and marketability of shares will be significantly reduced after this occurs.
Current stock price: 663.50 pence, up 0.8% on Wednesday in London
12-month change: up 0.5%
By Holly Beveridge; hollybeveridge@alliancenews.com
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