Shoe retailer Accent rejects Mike Ashley’s takeover offer (opens original article in a new tab)

Shoe retailer Accent Group has rejected a takeover offer from British billionaire Mike Ashley's Frasers Group, calling it opportunistic and materially inadequate.

• Shoe retailer Accent Group rejected Mike Ashley's Frasers Group takeover offer.
• Frasers is Accent's largest shareholder with 22.9% stake.
• Accent called the takeover offer opportunistic and materially inadequate.