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Mike Ashley’s Frasers Pulls Bid for Handbag Maker Mulberry

The decision comes after Mulberry turned down Frasers’ latest bid of 150 pence per share Tuesday.
Mulberry
Frasers’ decision means it cannot make another bid for the company in the next six months under UK takeover rules. (Mulberry)

Billionaire Mike Ashley’s Frasers Group is walking away from an attempted takeover of Mulberry Group Plc but is still pushing for a board seat at the British handbag maker.

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