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Finance

Australia's Accent Group jumps on $276 million takeover bid from Britain's Frasers Group

Published by Global Banking & Finance Review

Posted on June 15, 2026

1 min read

· Last updated: June 15, 2026

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Accent Group Jumps on $276 Million Takeover Bid From Frasers Group

Accent Group Receives Takeover Offer From Frasers Group

Share Price Reaction

June 15 (Reuters) - Shares of Accent Group soared as much as 9.2% on Monday after the retailer said it received a A$390.8 million ($276.1 million) takeover offer from Britain's Frasers Group.

Details of the Takeover Bid

Shareholder Advisory

Accent said in a statement advising shareholders not to take action on the offer, noting that the cash offer price of A$0.65 per share is equal to Accent's closing price on June 12, with the deal offering no premium. 

Currency Exchange Rate

($1 = 1.4154 Australian dollars)

Reporting Credits

(Reporting by Nichiket Sunil in Bengaluru; Editing by Rashmi Aich)

Key Takeaways

  • Frasers Group already holds a strategic stake in Accent; earlier boosted shareholding toward 19–20%, underpinning a long‑term retail partnership. (fashionunited.uk)
  • Accent, spanning 900+ stores and websites across Australia and New Zealand, recorded AUD 1.6 billion sales in FY 2024 and operates renowned brands like Hoka, UGG and Skechers. (fashionunited.uk)
  • The current bid offers no premium to shareholders and Accent cautions against action, signaling potential resistance without further sweetening. (tradingview.com)

References

Frequently Asked Questions

Who made a takeover bid for Accent Group?
Britain's Frasers Group made a takeover bid for Accent Group.
What was the value of the takeover bid for Accent Group?
The takeover bid for Accent Group was valued at A$390.8 million ($276.1 million).
How did Accent Group shares respond to the takeover offer?
Accent Group shares soared as much as 9.2% after news of the takeover bid.
Did the takeover bid offer a premium on Accent Group’s share price?
No, the takeover bid offered no premium and matched the previous closing price of Accent Group shares.
What advice did Accent Group give its shareholders regarding the offer?
Accent Group advised shareholders not to take action on the offer at this time.

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