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The Guardian - UK
The Guardian - UK
Business
Julia Kollewe

Currys rejects higher £742m offer from US group Elliott

Currys Waterstones Elliott United States Carphone Warehouse United Kingdom
a currys megastore
Currys employs more than 15,000 people in the UK, and trades from about 300 stores. Photograph: PA Images/Alamy

The UK electrical goods chain Currys has rejected an improved takeover offer worth £742m from the US investment group Elliott Advisors.

The new offer from Elliott, which owns the Waterstones book stores and has a controlling stake in the restaurant chain Wasabi, was pitched at 67p a share, up from its earlier bid of 62p a share in mid-February, Currys said in a statement to the London Stock Exchange.

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