CHINESE online retailer JD.com said on Friday (Mar 15) that it would not make an offer for British electricals group Currys, days after US investor Elliott Advisors walked away from tabling a bid.
Currys shares, which slumped to a session low after the update, were down 6 per cent 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. REUTERS
