Frasers announced through the Australian Securities Exchange (ASX) that it is offering A$0.65 per share for all fully paid ordinary shares in Accent Group Limited (ASX: AX1) that are not currently held by the company, Frasers Group said in a press release.
Frasers Group has launched an all-cash takeover offer to acquire the Accent Group shares it does not already own, valuing the deal at about £166 million (~$222.5 million).
The UK retailer, which holds a 22.9 per cent stake in Accent, is offering A$0.65 per share.
The unconditional offer will run from June 30 to July 30, 2026, subject to any extension or withdrawal.
The company currently owns 22.90 per cent of Accent’s issued share capital. Based on the number of Accent shares outstanding, the offer values the remaining stake at around A$316 million.
The company has lodged a bidder’s statement with the Australian Securities and Investments Commission and served it on Accent. The offer will be made in accordance with the terms outlined in the bidder’s statement and is not subject to any conditions.
The takeover offer is scheduled to officially open at the start of trading on the ASX on June 30, 2026, and close on July 30, 2026, unless it is withdrawn or extended.
Frasers has appointed Barrenjoey Markets Pty Limited as its broker to acquire Accent shares on its behalf at the offer price through normal trading on the ASX or Cboe Australia. The broker began standing in the market from June 15, 2026, allowing Accent shareholders to sell their shares ahead of the formal offer period and receive cash settlement two trading days after the transaction.
Fibre2Fashion News Desk (SG)
