Frasers Group (LSE:FRAS) has extended the offer period on its all-cash takeover bid for Australia's Accent Group, giving shareholders until 30 September to accept.
The sportswear-focused retailer launched the on-market offer on 15 June, seeking to buy all Accent Group shares it does not already own at A$0.65 each.
Barrenjoey Markets, acting as Frasers' broker, confirmed the extension via the ASX, pushing the deadline from its original date to 4:00pm Sydney time on 30 September, unless further extended or withdrawn.
No other terms of the offer have changed, including the A$0.65 per share price.
The offer will next come into focus as the new September deadline approaches, unless Frasers moves to extend or withdraw it again beforehand.
News Intelligence what this means for the company
Frasers Group has extended its A$0.65-per-share takeover offer for Accent Group to 30 September, with no change to price or other terms. The extension itself is procedural—a deadline push with no new commercial development—but it underscores that the bid remains contested: the market has priced Accent Group shares above the offer, signalling investor skepticism about whether A$0.65 will secure the deal.
The extension does not alter Frasers' acquisition strategy or the economics of the bid. The risk flagged by brokers—that the offer price may need to increase to win shareholder approval—remains live and unresolved by this announcement.
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