mysale group plc said wednesday that it is now recommending that shareholders accept the cash offer from frasers group plc after the latter confirmed it expected to own around 485 of the voting rights based upon the issued share capital of mysale the australianbased fashion marketplace said that the board continues to unanimously believe that the offer undervalues the company but that it has changed its recommendation based on fraserss interest in its shares under the takeover approachwhich was previously rejected by mysale directorsaccepting shareholders would get 2 pence for each share held a 26 discount to its closing price of 269 pence on aug 16 the day before the approach was announced the board believes that frasers will be able to exercise significant control over the company due to its voting rights as such the board said it believes that fraserss shareholding represents effective control shares in mysale group at 1401 gmt were down 015 pence or 70 at 200 pence