Tag Archives: takeover offer

Currys should hold out for £1bn takeover offer, says shareholder

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Currys shareholder has said the retailer should hold out for an offer worth £1bn amid the ongoing takeover saga between Waterstones owner Elliott Advisors and Chinese online shopping giant JD.com.

JO Hambro Capital Management (JOHCM) UK Equity Income fund, which is a top 10 shareholder, said an offer between 80p and 100p per share would be “acceptable”.

Currys rejects second takeover offer from US firm Elliott

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Currys has rejected a second takeover approach from US firm Elliott, saying the offer “significantly undervalued” the electronics chain.

Elliott valued the retailer at around £757m, up from its initial £700m valuation earlier this month.

The US company is up against Chinese rival JD.com which has also expressed an interest in buying the British firm