<div id="readability-page-1">Shares outpace offer: Hugo Boss stock rose over 11% to €40.5, exceeding Frasers’ €38 bid, reflecting market speculation that the current proposal may be improved. Modest premium offered: The €2.3 billion cash bid represents just a 4.3% premium to Wednesday’s close, prompting some analysts to label it a 'low ball' offer. Board to review: Hugo Boss said the approach was unsolicited and its board will assess the proposal as the company pursues store revamps and product streamlining.</div>

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<p>Hugo Boss shares surged over 11% to €40.5, exceeding Frasers Group's unsolicited €38 per share cash bid. The €2.3 billion offer represents a modest 4.3% premium, leading some analysts to dismiss it as a 'low ball' proposal. Market speculation suggests the bid may be improved. Hugo Boss stated its board will review the approach while continuing its strategic focus on store revamps and product streamlining.</p>

Hugo Boss shares jump above Frasers’ €38 bid amid takeover buzz