Hugo Boss shares closed 9.8% higher at €40.05 on Thursday, rising above the €38 per share cash offer Frasers Group disclosed late Wednesday. The €1.98bn proposal represents a 4.3% premium to the prior close, and Frasers already holds just over 26% of the German luxury house plus options that could deliver a majority stake; the boards said they would “thoroughly examine” the unsolicited approach. JPMorgan commented that the bid would set a near-term floor but saw limited further upside and did not expect a rival bidder. The movement is the first trading‑day reaction to the bid announced on 10 June, with the stock trading above the offer price despite the slim premium.
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The movement is the first trading‑day reaction to the bid announced on 10 June, with the stock trading above the offer price despite the slim premium.