US hedge fund Elliott Advisors ceased pursuit of UK electrical retailer Currys after two rejected bids.

US hedge fund Elliott Advisors has ended its pursuit of UK electrical retailer Currys after two rejected bids. The hedge fund, which owns bookseller Waterstones, stated that it was "not in an informed position to make an improved offer for Currys" as it did not have all the information needed to make a third bid. Currys rejected a previous takeover approach worth £757m from Elliott, claiming it undervalued the company.

March 11, 2024
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