A British retailer has lobbed a zero-premium takeover offer at Australia's largest shoe store chain after their partnership went south, in hopes of at least gaining more influence over its board.
Frasers Group is offering 65 cents a share for Accent Group in an on-market takeover offer that values the Platypus, Hype DC and The Athlete's Foot owner at $390 million.
Accent Group shares, which closed at 65 cents on Friday, jumped almost 12 per cent to 73 cents by noon on Monday.
