Boohoo pushes back on Frasers' ‘self-serving' demands [Yahoo! Finance]
ASOS PLC UNSP/ADR (ASOMY)
NASDAQ:AMEX Investor Relations:
asosplc.com/investors
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Source: Yahoo! Finance
divisions,” and that it is only at the start of the process of determining what options maximise value for all shareholders and will maintain high standards of corporate governance as it undertakes this process. “The board believes that boohoo is fundamentally undervalued and that this process is the best way to serve all shareholders,” it said adding it would provide further details to shareholders of its core brands in the interim results and that it expected the review of options to take “several months”. “The board remains committed to open and transparent engagement with all of its shareholders, including Frasers, and it is fully aware of and continues to act in accordance with its duties. The board is also committed to ensuring it takes the right steps to drive the Group in the interest of all shareholders and not just Frasers' self-interest.” The response comes as Frasers issued a letter to Boohoo's board, accusing them of "utter disregard" for shareholder interests follo
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