Currys shares soar as Chinese online retailer enters takeover battle
by Jasper Jolly from World news | The Guardian on (#6JQR3)
JD.com weighing up offer after UK electrical retailer rejects 700m bid from US private equity group Elliott
A Chinese e-commerce company has said it is considering making an offer for Currys, sending the electronics retailer's shares soaring amid hopes of a bidding war with private equity investor Elliott.
The share price of Currys surged by a third on Monday morning after JD.com revealed it was in the very preliminary stages" of a cash takeover bid.
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