Frasers Group stock price gains on DW Sports takeover rumours

Shares of Frasers Group PLC (LON: FRAS) gained 2% on reports that the British retail company has reportedly placed a £30 million take bid for Dave Whelan’s DW Sports. Fundamental analysis: Ashley shopping again DW Sports, a company that currently owns 73 gyms and 75 stores, went into administration earlier in August, placing more than 1700 staff at stake. This has been seen as an opportunity by Mike Ashley, the owner, and CEO of Frasers Group, to make an offer to the administrator of DW Sports.  This is not the first time that Ashley made such an offer to companies