Hugo Boss pops 6% after top shareholder Frasers launches $2 billion takeover offer
CNBC Top News ·
Hugo Boss shares popped 6% Thursday after its biggest shareholder, Frasers Group announced a 2-billion-euro takeover offer for the German fashion company. …
Hugo Boss shares popped 6% Thursday after its biggest shareholder, Frasers Group announced a 2-billion-euro takeover offer for the German fashion company. Frasers, which has a 26% stake in Hugo Boss, said late Wednesday it is offering 38 euros per share in cash for the remainder of Hugo Boss shares, marking a total consideration of 1.978 billion euros ($2.28 billion). The offer represents a premium of around 4% to Hugo Boss' Wednesday closing price. …
Original source: CNBC Top News