Currys rejects takeover bid from Waterstones owner Elliott

Currys has rejected a takeover approach by Waterstones owner Elliott, which it claims “significantly undervalued the company”.
It emerged on Friday that the retailer received what it termed an “unsolicited, preliminary and conditional proposal” from Elliott.
However, Currys said the offer “significantly undervalued the company and its future prospects” and its board unanimously rejected the approach.
The investment firm had offered 62p per share, while Currys