PARIS – Maus Freres S.A., the Swiss retail group that owns the Lacoste brand, has launched a hostile 5.2 billion Swedish knonor, or $810.2 million, bid for Gant, the Swedish sportswear firm that operates 310 stores.

 

Maus snapped up 12.5 percent of Gant on the Stockholm Stock Exchange on Monday before unveiling on Tuesday a cash bid of 310 Swedish kroner, or $48.30, a share for the remainder of the company, a 31 percent premium on Gant’s closing price on Monday.

 

Gant responded to the offer by saying it would “make an assessment and revert with a recommendation to the shareholders of Gant before the acceptance period terminates.”

 

For more, see Wednesday’s issue of WWD.

 

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