Accent Group rejects Frasers’ ‘highly opportunistic’ takeover bid

Accent Group has urged shareholders to reject Frasers Group’s A$390.8m (around £206million) takeover offer, describing the bid as “highly opportunistic”.
The Australian sports footwear retailer said its independent board committee had unanimously recommended investors take no action and not sell their shares into Frasers’ on-market bid.
Frasers, which is Accent’s largest shareholder, offered A$0.65 cash per share for the shares it does not already own.
However