Currys Rejects $882 Million Takeover Bid from Activist Investor Elliott

Electrical goods retailer Currys has rejected a $882 million takeover approach from US investment firm Elliott. Elliott is known as an activist investor who takes over companies to change how they are run, having previously acquired the UK bookshop chain Waterstones. Currys said the offer "significantly undervalued" the company and its future prospects. Currys, which employs 28,000 people and operates over 800 stores globally, has been struggling with falling sales as customers cut back spending.