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Frasers Group Launches Mandatory Offer for XXL ASA Shares

Story Highlights

An update from XXL ASA ( (GB:0R3P) ) is now available.

Frasers Group plc has launched a mandatory offer to acquire all shares of XXL ASA not already owned by them, offering NOK 10 per share in cash. The board of XXL advises shareholders to carefully consider their options and make an independent evaluation regarding the offer, which may impact the company’s operations and market positioning.

More about XXL ASA

XXL ASA is a leading sports retailer operating in Norway, Sweden, and Finland. It is recognized as the largest sports retailer in the Nordics, offering a wide range of products for sports, hunting, skiing, biking, and other outdoor activities. XXL aims to provide a one-stop-shop experience with the largest stores, best prices, and a wide assortment of branded goods.

YTD Price Performance: 28.33%

Average Trading Volume: 470

Technical Sentiment Signal: Buy

Current Market Cap: NOK892.8M

Find detailed analytics on 0R3P stock on TipRanks’ Stock Analysis page.

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