Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Currys PLC on Tuesday said it rejected an upgraded takeover offer from activist investor Elliott Investment Management LP.
The London-based consumer electronics retailer said it received a preliminary proposal worth around £750 million or 67 pence per share from the US private equity firm, up 8.1% from a previous offer of 62p.
Currys shares were 0.1% higher at 66.80 pence each on Tuesday afternoon in London.
The company said the offer ‘significantly undervalued the company and its future prospects,’ adding that the board unanimously rejected it.
Copyright 2024 Alliance News Ltd. All Rights Reserved.