Currys at the Center of Takeover Battle Between Elliott Advisors and JD.com

UK electronics retailer Currys rejects Elliott Advisors' £700m bid, as Chinese giant JD.com shows interest, sparking potential bidding war.

Currys, a UK-based electronics retailer, is at the center of a potential takeover battle involving US investment firm Elliott Advisors and Chinese e-commerce giant JD.com.
Elliott Advisors initially offered £700m for Currys, which was rejected by the company as significantly undervaluing its business.
JD.com has expressed interest in making a bid for Currys, marking a significant move by a Chinese company in the British market.
Currys' share price surged by over 30% following news of the takeover interest, reflecting investor anticipation of a bidding war.
The takeover interest in Currys highlights the attractiveness of UK companies to foreign investors, amid concerns about undervaluation on the London stock market.