17 Sep 2015

Slight lean in favour of Briscoe's Kathmandu takeover bid

3:18 pm on 17 September 2015

Slightly more shareholders in outdoor retailer Kathmandu have leaned in favour of a Briscoe Group takeover.

The 1 percent increase since Monday takes Briscoe's total voting rights to 23.5 percent, including its current stake in Kathmandu.

Briscoes' offer of $1.80 a share expires later today.

However, Kathmandu's board remains staunchly opposed to the takeover.