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Accent Group Reiterates Rejection of Frasers' Takeover Offer After Bid Extension

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Accent Group (ASX:AX1) said Frasers Group has extended the closing date of its unsolicited on-market takeover offer to Sept. 30 from July 30, according to a Thursday filing with the Australian bourse.

The company's independent board committee unanimously reaffirmed its recommendation that shareholders reject Frasers' takeover offer by taking no action and not selling their shares into the bid, despite the extension of the offer period, the filing added.

The company's shares fell 1% in recent Thursday trade.

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