According to a prominent Currys shareholder who spoke with News, the board should not talk to Elliott Advisors unless the company makes an offer of at least 75p per share for the chain.
One of the biggest investors in the business, News, has informed Currys’ board that they think the private equit
Currys’ shares will be being watched when trading resumes in London on Monday morning after the company announced over the weekend that it had received an indicative acquisition offer from Elliott, as reported by News.
Waterstones owner Elliott put forth a £700 million offer for Currys on Friday, valued at 62p per share.
It was dismissed right away for “significantly undervaluing” the business.
A significant stakeholder expressed their opinion that Currys’ board should not speak with Elliott until after the company’s sum-of-the-parts valuation
