Mike Ashley’s Frasers Group on Tuesday said its offer for Australian retailer MySale was now unconditional after passing the 50% threshold.
The company launched a 2p-a-share offer in August which MySale initially rejected, but last week advised shareholders to accept after Frasers secured commitments from the founding Jackson family to sell their shares.
Frasers said it held or had acceptances for 526,083,518 MySale Shares, or 50.59%.
