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Feb 20, 2024 · 2024-02-20 - By Daniel Woolfson. CURRYS is under pressure to hold out for as much as £900m in a potential sale, analysts said, as the bidding war for the electronics retailer heats up. Prospective buyers are circling the business after it revealed on Saturday that it had rejected a £700m takeover approach from US hedge fund Elliott.
- Daniel Woolfson
Feb 19, 2024 · Currys is under pressure to hold out for as much as £900m in any potential sale, analysts predict, as the bidding war for the electronics retailer heats up.
Feb 20, 2024 · One of the retailer’s leading shareholders told Sky News it had asked the board to hold out for at least 75p-a-share “at a minimum”, which would value the business around £800m.
Mar 11, 2024 · Currys has more than 800 stores globally and employs 28,000 people. In the UK, it operates about 300 stores with 15,000 staff. ... 'Holiday lets are pricing us out of homes' 9.
Mar 11, 2024 · Currys could still receive a bid from China's JD.com, which said last month it was mulling an offer for the firm. Advertisement Currys has more than 800 stores globally and employs 28,000 people.
Feb 19, 2024 · Currys' share price has fallen by more than a third over the past year and on Friday, before news of the takeover interest, it closed at 47.08p, valuing the business at about £534m.
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Feb 20, 2024 · However, the analysts said the electronics retailer would probably be holding out for a much higher price before considering accepting an offer, suggesting it could be looking for around £900m ...
