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U.S. Firm Elliot Abandons Its Merger Bid For Currys - Creative Media News
Elliot Advisors, an American investment firm, reconsidered its acquisition offer for Currys after the retailer's board "multiple times" rejected it. It initially made an offer for the electrical chain, valued at £700 million, subsequently increasing to £757 million. However, Currys rejected the offers, asserting they "substantially underestimated" the company's worth.