The British major owner Frasers Group is planning to make a bid for all shares in the financially strained Norwegian sports retail chain XXL.
The plan is to offer owners 10 kronor per share, which would imply a premium of 25 percent compared to Thursday's closing price for the XXL share.
The market value of XXL would, with the bid level, become approximately 246 million Norwegian kronor.
Among XXL's other owners is Altor, with the Swedish financier Harald Mix.
