Stay updated with breaking news from Ian Lance. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Redwheel, which owns 14.6% of Currys, backed the decision by the electrical retailer's board to reject a £700m takeover offer by Elliott Partners.
(Bloomberg) -- Currys Plc’s largest shareholder Redwheel backed the British electronics retailer saying it supports the decision to reject a recent £700 million ($885 million) offer from Elliott Investment Management. Most Read from BloombergLargest Covid Vaccine Study Yet Finds Links to Health ConditionsCapital One to Buy Discover for $35 Billion in Year's Biggest Deal Your 401(k) Will Be Gone Within a DecadeStocks Fall Before Nvidia’s Make-or-Break Moment: Markets WrapAmazon Deserves to Be Cal
Currys’ largest shareholder has warned that more foreign corporates will start circling London companies after the electricals retailer found itself at the centre of a bidding war.
Redwheel, which owns 14.6% of Currys, backed the decision by the electrical retailer's board to reject a £700m takeover offer by Elliott Partners.
Investors devalue listings by shifting focus away from Britain to the US, says Redwheel