Frasers Group withdraws takeover bid for Norwegian sports giant

Frasers Group has dropped its takeover offer for Norwegian sporting goods chain XXL Sports & Villmark.
The Sports Direct owner, which is the chain’s second largest shareholder, holding a 25.8% stake, said in December that it was planning to submit a bid for 10 kroner for every share of equity that it does not own.
In an update on Thursday (20 February), Frasers said it would not proceed with the bid, that would value the retailer at around £17.45m.
“Through correspondence w