Harris and Trump highlight their economic policies in outreach to Latino voters
Sixteen farmers arrested for burning crop waste as pollution rises in north India
Cheniere Energy expects China gas demand to rise more than 50% by 2040
No signs that euro zone inflation will deviate from current projections, ECB's Escriva says
Holiday Inn owner IHG's room revenue grows 1.5% on firm European summer demand
Samoan coast where King Charles will visit worries about the future after ship damaged reef
Harvey Weinstein has chronic myeloid leukemia, NBC reports
LONDON (Reuters) - British luxury brand Mulberry on Tuesday rejected a second takeover proposal from Mike Ashley's Frasers Group, calling it "untenable".
Frasers on Oct. 11 had raised its proposal to 150 pence per Mulberry share, valuing the brand, best known for its handbags, at 111 million pounds ($144 million).
Mulberry's biggest shareholder, Challice Limited, the vehicle of Singapore-based property tycoon Ong Beng Seng and his wife Christina which owns 56.4%, said on Oct. 13 that it would not support Frasers' proposal.
Under UK takeover rules, Frasers, which owns 37% of Mulberry, has until Oct. 28 to make a firm offer or walk away.
Shares in Mulberry closed Monday at 125 pence.
($1 = 0.7689 pounds)
(Reporting by James Davey; editing by Sarah Young and Jason Neely)
