Elliott’s Raised £760 Million Offer for Currys Rejected
- Retailer says new bid still ‘significantly undervalued’
- Electronics chain has also drawn interest from China’s JD.com
Currys operates more than 800 stores across eight countries.
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Currys Plc rejected a raised offer from Elliott Investment Management and said it still “significantly undervalued” the British electronics retailer that’s also drawn interest from China’s JD.com Inc.
The UK company on Tuesday confirmed earlier reports that Elliott had raised its preliminary offer from 62 pence to 67 pence a share, valuing the chain at about £760 million ($964 million).