Frasers Group PLC (LSE:FRAS) said it made a mandatory cash offer for MySale for the remaining shares it does not already own.
The final offer from the retailer is 2p per share and will not be increased further, it said in a statement.
Additionally, Frasers confirmed it reached an “irrevocable commitment” from Jackson Family Capital and Jackson Future Fund to sell their shares in MySale at 2p each.
As well as that, Jamie Jackson also agreed to sell over 62mln shares held by him to Frasers, which means the company is now interested in 481mln shares in the Australian marketplace, equating to a 48.5% stake.
Last week, the group had its 2p per share offer pushed back, which amounted to £13.6mln for the shares it did not already own, which at that stage would have been 71%.