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    Hugo Boss urges rejection of Frasers Group offer

    2 weeks ago

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    Hugo Boss's management has unanimously recommended that shareholders reject Frasers Group's takeover offer, describing it as 'inadequate.' Frasers, which owns 26% of Hugo Boss, proposed to buy the remaining shares for approximately 1.98 billion euros. Hugo Boss believes the offer does not reflect the company's intrinsic value and long-term potential, emphasizing its strong financial strategy.
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