Mulberry Takeover Rumours (MUL)

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20-11-2020
Mike Ashley's Frasers Group increases stake in Mulberry htTps://www.theguardian.com/business/2020/nov/19/mike-ashley-frasers-group-increases-stake-mulberry-sports-direct-takeover The Guardian article says "Under the panel’s rules Frasers has until 17 December to announce a firm intention to make an offer for the company." The question the Guardian article doesn't address is with a 37% stake in Mulberry can Ashley persuade Mulberry to sell in Frasers. From memory I thought Mulberry moved from selling in Frasers to selling in John Lewis. What sort of price would Ashley offer for Mulberry? How badly in need of cash is the Ong's Hotel and property empire? For what it's worth I think Ashley would only offer a low price the Ong's would not accept. However I'm frequently wrong.
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