Currys rejects ‘significantly undervalued’ £700m takeover bid

Currys has reportedly rejected a £700m takeover bid from US investment firm Elliott, claiming that the offer “significantly undervalued” its business. The investment firm, which brought UK bookshop chain Waterstones in 2018, has a reputation as an “activist investor”, which means it purchases minority stakes in publicly traded companies and changes how they operate. Currys […]