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Kaaren Morrissey

Shoe chain tells UK share predator offer is 'rejected'

United Kingdom Accent Frasers Accent Group Australia Platypus

An Australian chain has given the boot to an "inadequate" takeover offer from a British retailer. (Aap Image/AAP PHOTOS)

Australia's largest shoe store chain has branded a takeover attempt by a major British retailer trying to gain more influence over its board as inadequate.

Frasers Group's on-market buy-up offer of 65 cents per share valued The Athlete's Foot, Platypus, and Hype DC owner at $390 million.

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