Us Investment Firm Elliott Advisors has walked away from making a takeover bid for currys after being rejected by the retailers board in its own words multiple times. It had initially proposed an offer that valued the electricals chain at £700 million, and later raised it to 757 million. But currys rebuffed the approaches, saying they significantly undervalued the business. Currys could still receive a bid from chinasjd. Com, which said last month it was mulling an offerfor the firm. Lets speak now to russ mould, investment director at aj bell. What is going on, one firm has walked away but there is another weighting in the wings . Walked away but there is another weighting in the wings . There is but it it will focus weighting in the wings . There is but it it will focus on weighting in the wings . There is but it it will focus on what weighting in the wings . There is but it it will focus on what the weighting in the wings . There is but it it will focus on what the two it it will f
Business headlines. Us Investment Firm Elliott Advisors has walked away from making a takeover bid for currys after being rejected by the retailers board in its own words multiple times. It had initially proposed an offer that valued the electricals chain at £700 million, and later raised it to 757 million. But currys rebuffed the approaches, saying they significantly undervalued the business. Currys could still receive a bid from chinasjd. Com, which said last month it was mulling an offerfor the firm. Earlier i spoke with russ mould, Investment Director at the stockbrokers aj bell. There is but it it will focus on what the two main shareholders in currys have got to say, redwheel and frasers. Any bid will have to get their approval and one can only assume that wasnt forthcoming this time. They said it undervalued the business. It is rare we are in a position where we are talking about a high street retailer at the centre of a possible bidding war. We thought that bricks and mortar w
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And the markets still loving President Trumps pro growth drive of tax cuts, big spending and deregulation. And as the head of bt europe resigns over an Accounting Scandal, well be getting the inside track from our business editor, simonjack, on that and all the rest of the stories hes been covering this week. After ten years of almost constant growth, the sales of soft sugary drinks in australian supermarkets has fallen by more than 60 million. We want to know are you more aware of sugar, and is it changing the way you shop . Just use bbcbizlive. Welcome to the programme. We start in the us, where, as you have been hearing, uk Prime Minister theresa may will become the first world leader to meet President Trump when they hold talks later today. Mrs may has called on the president to renew the Special Relationship between the two countries. She is keen to show britain can prosper outside the European Union, so lining up a Post Brexit Trade Deal is high on her agenda. But is it really a