Largest Currys shareholder warns of ‘problem’ in UK equity market
Currys’ largest shareholder Redwheel has supported the board’s decision to reject an initial offer from Elliott Advisors and said the offer “highlighted a wider problem with the UK equity market”.
In a statement, co-head of the UK value and income team at Redwheel, Ian Lance, said the bid for Currys demonstrates a wider problem, as the UK equity market is losing out to rivals in the US.
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