Mike Ashley’s Frasers Group raises stake in Asos to nearly 9%
The Guardian M&A
JUNE 6, 2023
Larger holding is nearly enough to block a potential takeover bid as speculation grows about online retailer’s future Mike Ashley’s Frasers Group has built its stake in Asos to almost 9% – taking him close to the ability to block a takeover bid – ahead of a potential battle for control of the ailing online fashion business.
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