Frasers extends Accent Group bid to September 30

Frasers Group has extended its on-market takeover bid for Accent Group Limited, pushing the closing date from 30 July 2026 to 30 September 2026 while keeping the offer price at A$0.65 per share in cash. The move comes as Accent Group’s independent board committee has rejected the bid, even as Frasers continues to build its stake, which now totals about 22.9%. The extension provides Accent Group shareholders with more time to evaluate the proposal, with no changes to the offer terms beyond the extended deadline. The market has reacted positively to the bid, with Accent’s shares rising, and Frasers’ extension maintains leverage to potentially secure greater control of Accent’s Australian footprint. Regulatory notices accompanying the extension were filed under the Corporations Act 2001 (Cth), and the process remains ongoing as Accent reviews the strategic implications with its advisers.