Frasers Group Likely Must Offer Premium to Acquire Accent -- Market Talk
Dow Jones
Jun 15
0116 GMT - Accent's share price rises 9.2% to A$0.71 after the Australian retailer became a takeover target of Frasers Group, its largest shareholder. RBC Capital Markets says the structure of Frasers's A$0.65/share offer to acquire all shares in Accent that it doesn't own is unlikely to appeal. Accent's stock ended last week at A$0.65. "By offering a nil-premium takeover, none of the upside of any potential turnaround would be realized by shareholders," analyst Jackie Moody says. RBC thinks Frasers will need to offer a premium to get a deal done. It expects Accent to advise shareholders to reject the approach. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
June 14, 2026 21:16 ET (01:16 GMT)
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