China's JD.com walks away from bidding for Currys
Chinese online retailer JD.com said on Friday that it would not make an offer for British electricals group Currys, days after U.S. investor Elliott Advisors walked away from tabling a bid.
Currys shares, which slumped to a session low after the update, were down 6% at 55.4 pence by 1409 GMT. "JD.com today confirms that, following careful consideration, it does not intend to make an offer for Currys," the company said.
Elliott walked away on Monday, saying Currys' board would not engage with it.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
Advertisement
ALSO READ
Online videos show Chinese runner being gifted win in Beijing half marathon
Sydney mass stabbing: Chinese woman killed in Bondi Junction Westfield
BRIEF-Chinese Commercial Banks Grant 520 Bln Yuan Of Loans To Property Projects Under White List- Securities Times
US Defence Secretary holds talks with Chinese counterpart, first since 2022
Biden to call for higher tariffs on Chinese metals in 'Steel City' Pittsburgh