The electrical goods retailer says Elliott ‘significantly undervalued’ the business
Currys has rejected a takeover bid from US investment group Elliott saying it significantly undervalued the electrical goods retailer.
Elliott tabled a £700m bid for Currys – at 62p a share a 32% premium to its latest share price – with the investment group. Currys was valued at £533m at the close of trading on the London stock market on Friday.
Continue reading…The electrical goods retailer says Elliott ‘significantly undervalued’ the businessCurrys has rejected a takeover bid from US investment group Elliott saying it significantly undervalued the electrical goods retailer.Elliott tabled a £700m bid for Currys – at 62p a share a 32% premium to its latest share price – with the investment group. Currys was valued at £533m at the close of trading on the London stock market on Friday. Continue reading…