takeover bid

Frasers Group said on Tuesday it has increased its stake in Hugo Boss to approximately 30.28%, crossing a key regulatory threshold that triggers a mandatory takeover bid under German law as it presses ahead with its contested acquisition of the…

Hugo Boss on Thursday unanimously recommended that shareholders reject a takeover offer from Frasers Group, calling the British retail conglomerate's €38-per-share bid financially inadequate and saying it fails to reflect the German fashion house's standalone value and long-term growth potential.