Mulberry rejects ‘untenable’ second offer from Mike Ashley’s Frasers Retail The board of Mulberry has unanimously rejected the second bid from retail giant Frasers as “untenable”. Frasers launched its first bid on 1 October for £83m, which was subsequently rejected as too low by Mulberry, and its second of £111m on 11 October. Mulberry reiterated its statement from the first time it rejected Frasers’ bid: [...]
A ‘disappointed’ REA withdraws Rightmove offer after four rejected bids Business REA has withdrawn its possible offer for Rightmove after four bids were rejected by the property platform. “The potential acquisition of Rightmove was dependent on coming to an agreement at a fair price, which would have required meaningful engagement and a constructive dialogue,” REA said. REA’s chief executive Owen Wilson added that the company was [...]
Rupert Murdoch-backed REA Group set to increase takeover bid for Rightmove Business The Australian real estate giant REA Group owned by Rupert Murdoch is reportedly considering upping its bid for the British property platform Rightmove.