Boohoo slates ‘conflicted' Mike Ashley in latest bid to reject Frasers approach
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Boohoo Group PLC has accused Mike Ashley of having a conflict of interest and urged shareholders to reject his attempts to take control of the company. Frasers Group, Boohoo's largest shareholder, is accused of trying to disrupt a strategic review for its own benefit.
November 14, 2024 | 11:45 am
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Boohoo Group is urging shareholders to reject Mike Ashley's takeover attempt, citing conflict of interest and disruption of strategic review.
Boohoo's public accusation against Mike Ashley and Frasers Group could create uncertainty and negatively impact investor sentiment, potentially leading to a short-term decline in Boohoo's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100