• AX1.AX is trading at $0.70 (-4.08%) after Accent Group's Independent Board Committee unanimously recommended shareholders reject Frasers Group's unsolicited takeover offer.
  • Frasers Group offered A$0.65 cash per share for the shares it doesn't already own, an offer the board deemed "materially inadequate" and not reflective of the company's strategic position and growth plans.
  • The rejection comes amid a challenging discretionary retail cycle, with the board advising shareholders to take no action and not sell into the offer.