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...The European and US manufacturers “don’t have enough stock, their price is too high, and they are not able to supply smaller companies”....
...Currys upped its pre-tax profits expectations in January to £115mn for the year ending in April. That is still only a third of 2019 levels. Supply chain disruptions have added new problems....
...The upgrade comes within a week of both JD.com, the Chinese ecommerce group, and US investment group Elliott Management saying they had abandoned plans to make offers for the company....
...Elliott Management has abandoned its attempt to buy UK electronics retailer Currys after making an improved bid last week that valued the company at £756mn....
...Chinese ecommerce company JD.com is in the early stages of considering a possible cash offer for UK electronics retailer Currys, it said in a statement on Monday....
...Elliott’s latest bid for Currys valued the group at around 67p per share, marking an increase from a previous proposal of 62p, or a company value of about £700mn....
...UK electronics retailer Currys has rejected an unsolicited bid from US investment group Elliott Management, saying it significantly undervalued the company....
...The remarks come after Monday’s announcement from Chinese ecommerce company JD.com that it is also considering an offer for Currys....
...Last month, Chinese ecommerce company JD.com said it was considering a bid for Currys after Elliott’s initial approach emerged....
...Shares in Currys were up 2 per cent at 68.10p in afternoon trading before closing at 66.50p on Tuesday, valuing the company at £756.6mn....
...Over the weekend, Currys said it rejected a 62p-a-share bid from Elliott, adding that it significantly undervalued the company....
...The proposal valued the company at about £700mn, prompting Currys’ board to say over the weekend that it significantly undervalued the company....
...The company, under a changed name, will survive as a shell company housing $2.7bn in net operating losses....
...A Lex screening produced a long list of companies that could fit the bill....
...Over the weekend, Currys said it had rejected a 62p-a-share bid from Elliott, adding that it significantly undervalued the company....
...Currys: Shares surged 35 per cent after Chinese ecommerce company JD.com said it was in the early stages of considering a cash offer, marking the beginning of a possible bidding war for the retailer....
...the company’s board was unlikely to engage on anything “less than 80 pence”....
...While Elliott has eyed Currys as a possible acquisition target for several years, last month its initial two bids were both rejected quickly by the company....
...Earlier this month, it made two proposals to buy UK electronics retailer Currys that were rebuffed by the group....
...The years since have involved a complex balancing act to get supply and demand aligned for components, and then the end autos themselves....
...Producers are buyers,” said Nick Lawson, chief executive of Ocean Wall, an investment house, in a reference to mining companies buying uranium supply to meet their supply obligations....
...It also owns chunks of rival Boohoo as well as electronics retailers AO and Currys....
...EU countries have voted to pass a landmark supply chain law that would make companies responsible for environmental and human rights abuses, but only after the number of companies it will affect was cut...
...The company, which also supplies tobacco and chewing gum, sells to independent customers across the UK from 29 depots and has a client base of about 42,000....
...Big share price moves in Europe on Thursday include French media group Vivendi, UK electronics retailer Currys, and Austrian semiconductors company Osram: Vivendi: Shares surged 9 per cent in early trade...
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