Hugo Boss Board Rejects Frasers Bid as Not Reflecting Potential

Hugo Boss AG's board recommended shareholders reject Frasers Group Plc's takeover offer on the grounds that the bid does not adequately value the company. Frasers Group, a British retail holding company, made the acquisition proposal to acquire Hugo Boss. The Hugo Boss board stated it intends to pursue other strategic options. No specific bid price or valuation figures were provided in the board's announcement.

Next story