Sumary of Frasers Group offers to buy fashion marketplace MySale:
- British retail giant Frasers Group has made a money offer to buy Australian-based fashion marketplace MySale.
- When analyze to MySale’s asset value of 1.25 pence on June 28, the day before Frasers Group purchase a share, the offer represents a 60 percent payment.
- The group publish Wednesday it has made an offer to buy the company at a value of 2 pence per asset.
- Frasers Group, whose case of brands includes Flannels, Sports Direct, House of Fraser, and Jack Wills, became the large shareholder in MySale when it purchase a 28.7 percent share in the business in June.