Frasers Group plc (LSE:FRAS) agreed to acquire remaining 71.3% stake in MySale Group plc (AIM:MYSL) for £13.6 million on August 17, 2022. As per the terms, Frasers Group offered £0.02 per Mysale share. The Offer will be financed from the existing cash resources of Frasers Group. The Board of MYSALE did not receive an approach, nor had any discussions, regarding the Offer prior to the publication of the announcement by Frasers Group. As of September 16, 2022, The MySale Directors do not consider the terms of the offer to be fair and reasonable and therefore recommend that MySale shareholders do not accept the offer. Luke Bordewich, Stuart Ord and Ollie Steele of Numis Securities Limited acted as a financial advisor to Frasers Group plc. Mark Taylor, Justin McKeegan of Singer Capital Markets acted as financial advisor to MySale Group plc.

Frasers Group plc (LSE:FRAS) cancelled the acquisition of remaining 71.3% stake in MySale Group plc (AIM : MYSL) on September 16, 2022.