Latest News for BOSSY
Hugo Boss asked its shareholders to reject Frasers Group's $2.2 billion takeover bid, saying it undervalued the German fashion company.
German fashion brand Hugo Boss on Thursday recommended that shareholders do not accept Frasers Group's voluntary takeover offer, saying the British company's offer price of €38 ($43.45) per share was not adequate.
Shares in Hugo Boss rose about 7% on Thursday after Britain's Frasers Group launched a $2.3 billion takeover offer for the German fashion brand.
Hugo Boss pops 7% after top shareholder Frasers launches $2 billion takeover offer
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