US investor Elliott ends bid to buy UK retailer Currys | Currys

The US investment group Elliott has ended its bid to buy Currys after previous offers were rejected by the electrical goods retailer.

Elliott, which owns Waterstones, told the markets on Monday that it had made multiple attempts to engage with the Currys board but all had been rebuffed.

It said it did not have enough information make an improved offer, and therefore would not be pursuing a third bid.

The confirmation comes after Elliott’s £742m bid, at 67p a share, was rejected last month, with the Currys board saying it “significantly undervalued the company and its future prospects”.