Hugo Boss has acknowledged an unsolicited voluntary takeover offer from UK-based Frasers Group to acquire all outstanding shares at €38 (~$44.88) per share.
The offer implies a modest 4 per cent premium to both the June 10 closing price and the three-month VWAP.
The company said the bid was unsolicited, and its boards will review it before issuing a recommendation.Hugo Boss has acknowledged an unsolicited voluntary takeover offer from UK-based Frasers Group to acquire all outstanding shares at €38 (~$44.88) per share.
The offer implies a modest 4 per cent premium to both the June 10 closing price and the three-month VWAP.
The company said the bid was unsolicited, and its boards will review it before issuing a recommendation.
