Currys’ market value stood at £533m at the end of trading on 16 February 2024. Credit: William Barton via Shutterstock.com.

British electrical goods retailer Currys has declined a takeover proposal from US investment group Elliott.  

The unsolicited, preliminary and conditional proposal, valued at £700m ($882m) or 62p per share, was dismissed as it “significantly undervalued” the company and its prospects.  

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Elliott, known for owning Waterstones and holding a majority stake in Wasabi, offered a 32% premium over Currys’ latest share price.  

Currys’ market value stood at £533m at the close of trading on the London stock market on Friday 16 February 2024. 

In an official statement, Currys said:  “The board of Currys considered the proposal, together with its financial advisers, and concluded that it significantly undervalued the company and its future prospects.  

“Accordingly on 16 February 2024, the board of Currys unanimously rejected the proposal. There can be no certainty that an offer will be made for Currys nor as to the terms on which any offer might be made.” 

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Currys is an omnichannel retailer of technology products and services, operating through 815 stores in eight countries and online. 

The company trades as Currys in the UK and Ireland and under the brand names Elkjøp in the Nordic countries and Kotsovolos in Greece. 

For the ten weeks ending 6 January 2024, Currys reported a 3% decline in like-for-like revenue. 

In the UK, the retailer employs 15,000 people and operates 300 stores, the Guardian has reported. 

In November 2023, Currys entered an agreement to divest Dixons South East Europe, the holding company of its retail business in Greece and Cyprus, to energy company the Public Power Corporation.