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Business headlines. Us Investment FirmElliott 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 underval ....
Redwheel has overhauled its Global Horizon fund following $2.7bn outflows, which followed the retirement announcement of founding portfolio manager Louise Keeling. ....
Redwheel has entered the venture capital market with the launch of a UK climate tech fund developed alongside climate technologies investor Turquoise. ....