India, Feb. 20 -- Frasers Group Plc. (FRAS.L ZVX.F), a British retailer, announced that it will not proceed with its intended voluntary offer for all of the shares in XXL ASA that it does not already own, at 10 Norwegian Kroner per share.
This decision follows an announcement made by Frasers on 6 December 2024, regarding its intention to launch the conditional offer. The condition requiring acceptance by a sufficient number of shareholders to ensure that Frasers would hold more than 50% of XXL's shares and votes on a fully diluted and converted basis was not satisfied.
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