Accent rejects Frasers takeover approach as “materially inadequate”
Key takeaways
- Accent rejects Frasers takeover approach as “materially inadequate” The existing holding was assembled through a 2025 subscription agreement and subsequent open market purchases.
- Frasers, which owns 22.9% of the Australian retailer, announced the on-market offer on 15 June 2026 for all ordinary shares it does not already own.
- That existing holding was assembled through a 2025 subscription agreement and subsequent open market purchases.
Accent rejects Frasers takeover approach as “materially inadequate” The existing holding was assembled through a 2025 subscription agreement and subsequent open market purchases. Credit: Piotr Swat/Shutterstock.com. · Retail Insight Network · Piotr Swat/Shutterstock.com. Shubhendu Vimal Tue, June 30, 2026 at 11:01 PM GMT+7 2 min read AX1.AX FRAS.L Accent Group has rejected an unsolicited takeover approach from UK retailer Frasers Group, calling the A$0.65 ($0.45) a share proposal "opportunistic" and "materially inadequate".
Frasers, which owns 22.9% of the Australian retailer, announced the on-market offer on 15 June 2026 for all ordinary shares it does not already own.
That existing holding was assembled through a 2025 subscription agreement and subsequent open market purchases.