Currys Takeover Rumours (CURY)

It's only those who are being tortured that shout the loudest. Insults are their bread and butter. How immature. Good support this morning. Perhaps these failed takeover offers have allowed people to properly analyse the value of CURY. Looking forward to the TU on 15th May and results 27th June. And the return of the Divi which should never have been suspended IMHO

No takeover then, back to 40-50p?

Same here Net. I have a few "takeover candidates" as this has been a theme in 2024 so far. CARD factory is one of them. SHOE zone is another - bought after the drop last week and before XD. Currys didn't pay off unfortunately.From what the meme clowns go on like, you'd think we were all due hard Currys fanboys!

You (NET CURTAINS) and all your other LOSER NAMES have just spent the last month desperately trying to share ramp Currys hoping to engineer a non-existent takeover. Everybody knows what comes out of the rear end of a horse and YOU are full of it !!

NET CURTAINS the sheer desperation and stupidity that you demonstrate here on ADVFN surpasses anything previously seen elsewhere on ADVFN The fact is, there is no binding and irrevocable takeover bid for Currys from JD.Com. Clearly you are very dim and you still don't know the difference between a "potential expression of interest" and a "binding, irrevocable takeover bid"

Thanks for the sensible posts My view on Currys (non financial) Fantastic infrastructure across Europe USP - you can talk to an knowledgable advisor in store when shopping online. Brilliant idea Currys has survived multiple recessions. Everyone needs essential goods. The best and most resilient retailer in the uk Shame it may go to the Chinese who are trying to take over the world at whatever cost, subsidised by the government Takeover coming Monday. Press leak Sunday

The stupidity that you share ramping losers demonstrate here on ADVFN surpasses anything previously seen elsewhere on ADVFN The fact is, there is no binding and irrevocable takeover bid for Currys from JD.Com. Clearly you are very dim and you still don't know the difference between a "potential expression of interest" and a "binding, irrevocable takeover bid"

The stupidity that you share ramping losers demonstrate here on ADVFN surpasses anything previously seen elsewhere on ADVFN The fact is, there is no binding and irrevocable takeover bid for Currys from JD.Com. Clearly you are all very dim and you still don't know the difference between a "potential expression of interest" and a "binding, irrevocable takeover bid"

NET CURTAINS, your stupidity surpasses anything previously seen on ADVFN The fact is, there is no binding and irrevocable takeover bid for Currys from JD.Com. Clearly you are very dim and you still don't know the difference between a "potential expression of interest" and a "binding, irrevocable takeover bid"

The million dollar question is; Is JD.com share price rising or falling due to news of a potential curry takeover?

In accordance with Rule 2.6(a) of the Code, JD.com is required, by not later than 5.00 p.m. on 18 March 2024, to either announce a firm intention to make an offer for Currys in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline can be extended with the consent of the Takeover Panel in accordance with Rule 2.6(c) of the Code.

SHARE RAMPERS WITH EGG ON THEIR FACES TODAY Shares in electrical retailer, Currys fell heavily after U.S. private equity firm Elliott Advisors confirmed it would not be launching a formal takeover bid.

It is interesting for CURY : likely another offer: For the purposes of Rule 2.8 of the Code, Elliott and any person(s) acting in concert with it reserve the right to make or participate in an offer for Currys (and/or take any other actions which would otherwise be restricted under Rule 2.8 of the Code) within the next six months following the date of this announcement:(i) with the agreement of Currys' Board;(ii) following the announcement of a firm intention to make an offer for Currys by or on behalf of a third party;(iii) following the announcement by Currys of a Rule 9 waiver proposal (as described in Note 1 of the Notes on Dispensation from Rule 9 of the Takeover Code) or a reverse takeover (as defined in the Code); or(iv) where the Takeover Panel has determined that there has been a material change of circumstances

For the purposes of Rule 2.8 of the Code, Elliott and any person(s) acting in concert with it reserve the right to make or participate in an offer for Currys (and/or take any other actions which would otherwise be restricted under Rule 2.8 of the Code) within the next six months following the date of this announcement:(i) with the agreement of Currys' Board;(ii) following the announcement of a firm intention to make an offer for Currys by or on behalf of a third party;(iii) following the announcement by Currys of a Rule 9 waiver proposal (as described in Note 1 of the Notes on Dispensation from Rule 9 of the Takeover Code) or a reverse takeover (as defined in the Code); or(iv) where the Takeover Panel has determined that there has been a material change of circumstances

So this is why no one likes ukneonboy and all his weird aliases. People ask him a nice simple question and he laughs in their face. What sort of person does that? I'll ask it again, and perhaps you will be civil this time; If a takeover happens does this mean anyone short loses all their money or worse do they have to cough up more money? What is the situation? Thanks for any info you can give.... (thanks premium beeks - I posted this before you replied)

No i wasn't joking. I was being serious.. If a takeover happens does this mean anyone short loses all their money or worse do they have to cough up more money? What is the situation? Thanks for any info you can give....

If a takeover happens does this mean anyone short loses all their money or worse do they have to cough up more money? What is the situation? Thanks for any info you can give....

Jd.com 1 billion pounds takeover offer any time now. https://finance.yahoo.com/news/jd-com-approves-3-billion-105709827.html

Nah, smart money didn't short it before a takeover announcement or into a weekend when news may well leak. Volumes are tiny...somehow I think the smart money is still being patient. Seems to be quite a lot of takeovers being done.....could be the theme for 2024.

Since group is getting extra cash 175 million from Greece , takeover bidding will be added another 175m which could exceed over billion pounds takeover , likely 100p plus per share , possibility

Healthy access of cash balance at results year end will be good profit , takeover bidding war for Cury Massively undervalued

It should climb back to 80p . Market & all brokers recognise mcap is undervalued. bidding war on going for takeover. Healthy balance sheet.

Nice little tree shake this morning, looks to be over and now we continue the climb.Who cares what people on here bought at, there's no way anyone is influencing the price. This isn't a small cap piece of garbage.I look forward to the takeover at circa a quid.

Yesterday news. https://www.independent.co.uk/business/currys-should-seek-takeover-deal-worth-around-ps1bn-says-shareholder-b2507285.html

Was a £1 billion OFFER ACTUALLY MADE? This website seems to imply it was - what do you think.. It says: "A shareholder of Currys was urging the company to seriously consider a takeover bid valuing the electricals retailer at over £1bn, it emerged on Tuesday." www.sharecast.com/news/news-and-announcements/jo-hambro-fund-urges-currys-to-accept-pound1bn-takeover-valuation--16379550.html

Deadline 16th March 2024, subject to extendable . Says at their takeover code & terms . ELLOIT embarrassed themselves to offer @ low price. But they did not walk out. They are very interested & hence came back with 2nd offer . GUSSS both JD & ELLIOTT will bid again at last minute. NEWS YESTERDAY about deal discussions at 1 billion pounds

Leak news: JD in conversation @ 1 billion pounds deal which is 92p per share . CURY is undervalued atm . No deal will be acceptable below 80p which is reasonable. https://www.independent.co.uk/business/currys-should-seek-takeover-deal-worth-around-ps1bn-says-shareholder-b2507285.html

According to all you share rampers, a binding Currys takeover bid was a done deal LAST WEEK. So where is it then ?? 😂😂😂😂😂😂😂 No Offer Documents & Acceptance forms have been sent to shareholders 😂😂😂😂😂😂😂

If the rumours buzzing around the City are accurate, it appears that without a firm recommendation from the Currys Board, then Elliott are unwilling to make a binding and irrevocable Offer to buy Currys. So, a hostile takeover bid won't be on the cards, unless Elliott's stance changes.

1 by pounds takeover deal https://www.independent.co.uk/business/currys-should-seek-takeover-deal-worth-around-ps1bn-says-shareholder-b2507285.html

Today’s fresh NEWS look like deal has getting done behind closed doors doors https://www.independent.co.uk/business/currys-should-seek-takeover-deal-worth-around-ps1bn-says-shareholder-b2507285.html?callback=in&code=YWVMNDC4YJATNMEWNI0ZMJVLLWI2YWQTMMZJN2FHMZHIODVJ&state=b7407e0048424e78b8da5a1e1caafeb6

Tim 3: Daily Mirror/The Independent (5 hours ago) said "leading investor" would probably accept an offer between 80p and £1.00 " JOHCM (JO Hambro Capital Management) UK Equity Income fund said an offer between 80p and 100p would be ‘acceptable’. " Https://www.independent.co.uk/business/currys-should-seek-takeover-deal-worth-around-ps1bn-says-shareholder-b2507285.html

What Currys needs, is for people to be buying now, at this price, not for any takeover bid, but for a recovery in the summer..... So how likely is it that the Nordics and UK demand for computers and phones etc will pick up from the Spring onwards? The take-over should be seem as a bit of fluff on top... Not the main reason to be invested.

If the rumours buzzing around the City are accurate, it appears that without a firm recommendation from the Currys Board, then Elliott are unwilling to make a binding and irrevocable Offer to buy Currys. So, a hostile takeover bid won't be on the cards, unless Elliott's stance changes.

As the saying goes: TALK IS CHEAP, CORPORATE ACTIONS SPEAK LOUDER THAN HOT AIR

Put up or shut upAlso known as PUSU. The requirement under the Takeover Code for a potential bidder to either announce a firm intention to make an offer in accordance with Rule 2.7 of the Takeover Code, or announce that it does not intend to make an offer, by not later than 5.00 pm on the 28th day following the date of the announcement in which the potential bidder is first identified, unless the Takeover Panel has consented to an extension of that deadline (Rule 2.6(a), Takeover Code).

also, Curry takeover discussed as part of Sunday Times think piece: Title: "As foreign buyers cream off stocks, here's a tax cut that would count"....

Just a slight correction to FACTSandFIGURES who is so often wrong - he is wrong again.. From BBC: Under UK takeover rules, JD.com now has until 18 March to make a formal offer or walk away from the deal. The deadline for Elliot is 16 March. Eg JD.com has to the 18th..... Elliot has to the 16th....

SOMETHING BREWING & COMING IN GOOD:Yesterday JD form 8 & today CURY form 8: Currys PLC Form 8 (OPD) - Currys plcSource: RNS Regulatory NewsRNS Number : 0344FCurrys PLC29 February 2024 FORM 8 (OPD) PUBLIC OPENING POSITION DISCLOSURE BY A PARTY TO AN OFFERRules 8.1 and 8.2 of the Takeover Code (the "Code")

From here SP only go up , market realise Cury is under valued stocks. All brokers agree SP should stay over 80p. HSBC & peel upgraded CURY as buy from hold. Takeover bidding on going. Healthy financial balance sheet.

newspapers said , jd is in discussion around 900m takeover bidding with Cury , which gives 92p per share

Yesterday late RNS suggest , Jd Offer is on the way . Last week JD was in discussion with CURY board regarding valuation of the company & make a takeover offer. FORM 8 (OPD) PUBLIC OPENING POSITION DISCLOSURE BY A PARTY TO AN OFFERRules 8.1 and 8.2 of the Takeover Code (the "Code")

Last week: https://amp.scmp.com/tech/big-tech/article/3252464/jdcom-considers-takeover-bid-uk-electronics-retailer-currys-chinas-e-commerce-giants-look-overseas

Today RNS suggests deal has been done between Cury & JD. We will know soon. JD.com, Inc. Form 8 (OPD) JD.comSource: RNS Regulatory NewsRNS Number : 8491EJD.com, Inc.28 February 2024 FORM 8 (OPD) PUBLIC OPENING POSITION DISCLOSURE BY A PARTY TO AN OFFERRules 8.1 and 8.2 of the Takeover Code (the "Code")

Jd.com offer will be land this week?? FORM 8 (OPD) PUBLIC OPENING POSITION DISCLOSURE BY A PARTY TO AN OFFERRules 8.1 and 8.2 of the Takeover Code (the "Code")

It doesn't matter what anyone says. The fact is Currys is in play as a potential takeover. The fact is Elliot made 2 bids, both rejected, hence the current sp.

Elliott , JD etc knows Cury value. Cury mobile side only worth 500m , Nordic section worth 900m , UK & Ireland business worth more than 1 billion. the business Cury built up over 100 years & profitable always not for free grab. If takeover parties get it for 1 billion still very cheap

The Board of Directors are NEVER going to recommend any takeover Offers from anybody .......... simply because its Currys Directors that will lose their highly paid jobs, their perks and their pension pots, if Currys is owned by someone else !

If takeover happens range is probably 75p to £1.00 (I say 75p because if they say "minimum is 80p" sometimes the seller takes a "bit" less. but if TWO people want it they sometimes pay significantly more hence £1.00... But I think it will be NO DEAL if no offers at 75p or more (and even 75p might not get full board acceptance)..

JD.com takeover offer soon. They are discussing @ 900m which give SP 92p per share

Takeover bidding will end up 90p -100p per share at least. Elliott & JD bought wants this company for their own business interest

Excellent , takeover war for Cury , end up 92p plus shares

It is clear that it is not a well moderated chat, but the more noise there is on both sides is a sign that we are riding. Maybe the noise would go down if these Sky News leaks stopped a bit hxxps://news.sky.com/story/former-prince-andrew-aide-eyes-role-in-takeover-bid-for-currys-13080842

bidding offer & negotiations on the table until 16th March https://news.sky.com/story/amp/former-prince-andrew-aide-eyes-role-in-takeover-bid-for-currys-13080842

Ms Thirsk also quit her role as chief executive of Pitch@Palace, Prince Andrew's flagship business venture, shortly after stepping down as Prince Andrew's private secretary.Sources said she was now involved in JD.com's evaluation of a possible bid for Currys, which saw its shares soar last week after Sky News revealed that it had attracted takeover interest from Elliott Advisors, the private equity firm.JD.com has yet to submit a formal offer for the London-listed retailer, but has been set a mid-March deadline by the Takeover Panel to do so or walk away.

BREAKING: CURY bidding talks at top level https://news.sky.com/story/amp/former-prince-andrew-aide-eyes-role-in-takeover-bid-for-currys-13080842

80p before takeover bidding

All you need below link : Currys at a glance FY22/23We are the market leader in the UK & Ireland, throughout the Nordics and in GreeceRevenue: 9.5 billion Group LFL revenue increase (YoY) 7% Profit: 119 million plus Greece selling LOW MCAP: 720m TAKEOVER TALKS @ 1 billion pounds mcap https://www.currysplc.com/

Those who sold out for little profit now crying out , fact is after last week takeover news trading volume was over 100m with big surge, so corporate investors bought back from small retailers. They will not sell & likely surge to over 80p

BLACKHORSE23 and schofi2, your interpretation of Currys Financial Accounts is garbage. Do you actually know the difference between making a Profit and making a Loss ? Currys' Financial Accounts recorded a fall in annual sales to £9,511 Million which subsequently resulted in a £450 Million Pre-Tax loss and the cancellation of all future dividend payments. More to the point, Currys reported a £481 Million LOSS AFTER TAX and declared a LOSS PER SHARE of 43.6p Https://www.currysplc.com/news-media/press-releases/2023/currys-full-year-results-2022-23/ As stated earlier, without any binding takeover bids on the table for Currys, the shares look massively expensive and remain HIGH RISK

CURY mcap very low & currently undervalued . Brokers said group should not accept any bid below 80p & market values Cury @ low 80p & high 140p. HSBC upgraded CURY as BUY . So it should surge towards 80p. CURY takeover bidding & discussions on going at the pipeline. Eg easyJet was 240p couple months ago & fake takeover news it went up 400p then never went down , actually went up to 545p because.

Currys at a glance FY22/23We are the market leader in the UK & Ireland, throughout the Nordics and in GreeceRevenue: 9.5 billion Group LFL revenue increase (YoY) 7% Profit ?: 119 million LOW MCAP: 720m TAKEOVER TALKS @ 1 billion pounds mcap https://www.currysplc.com/

I doubt any potential bidders are looking at running Currys in it's current form. Nobody knows for sure what their intention is. More potential bidders MAY appear. Current potential bidders may walk. Anything can happen. I don't think anyone is suggesting there WILL be a bid. I've been in shares where the company gets bought out for small premiums and others which have risen 10,000% from low to takeover. I was also in Allders/Arcadia before they were taken over. The fact is Currys is in play atm.

Although Currys C.E.O Alex Baldock has been desperately trying to revive the fortunes of the electrical goods retailer, back in July last year, the company warned its Nordics business had “a really weak yearâ€￾ that overshadowed a “slightly better performance in the UKâ€￾. However, it was these comments that signposted Currys problems resulting in it announcing a Full Year pre-tax loss of £450 Million for 2022/23 and cancelling all future dividend payments. If nobody comes out with a binding takeover offer to buy Currys, the Currys share price will inevitably fall. It's a high risk gamble now.

Yes ? , spot on. Elliott has 16th March to send revised offers. JD is in discussion with Cury boards. this is not video games , they have to check out all books etc & also JD needs to get approval from their board before submitting takeover offer , JD is public company. another 3 bidders there as well to submit their offers

That is the million dollar question... The one takeover I was involved in as a shareholder was ARCADIA (now Topshop and burton).. It had quite big swings in price through out the process but we did see BIG BUYS as RNS so we knew it was happening even with the swings.... Alas this is not happening here. The buys are obfuscated by investment banks so I have no idea who has what... To me its all "as clear as mud"... Unless some kind soul who writes here can shed more light on what normally happens... I think Arcadia started out as 48p and by the time the final bid was accepted it was £4 or £5.... Currys is not going to 10 bag here (at least not likely) but perhaps £1 is more realistic for a take-over price then people once thought (if it happens)...

You penny guy is getting in conversation of multi billion pounds takeover . Do you know anything about jd.com or Elliott???

because all you are doing, is using multiple ADVFN usernames to regurgitate wild speculation and rumour, that has no substance . STICK TO THE INDISPUTABLE FACTS !!! Officially there are no R.N.S announcements issued via the London Stock Exchange which confirms any takeover bids for Currys.

U looser , sold out at cheap while takeover discussions are ongoing. BUY BACK NEXT WEEK AT 92p , or buy back today below 70p

Institutional investors & brokers are buying & increasingly their holdings before new takeover offer land. SO SP will surge regardless

I remember the take-over of Aracadia (topshop).... It was a penny share at the time. There was plenty of money to be made by day traders as the daily and weekly swings between doubters and optimists enabled many to make money on eventual takeover and on the swings up until the takeover happened.. The swings should be good... Touchwood.

Will be blue today ? JD.com takeover offer might lands over the weekend

Two major bidders ( JD & ELLIOTT ) in discussions with cury boards for new offer. another 3 bidders interested as well for takeover bid

https://www.retailgazette.co.uk/blog/2024/02/why-is-currys-takeover-target/

Takeover talks @ 1 billion pounds , another 250m pounds to go up @ mcap value . Currently 750m

Mcap 750m , revenues 9.5 billion, takeover talks around @ 1 billion pounds

That is EXACTLY the point I'm making. All these failed share rampers spend their days posting rubbish hoping to influence a takeover bid, that they have zero control over. Far better to just sit back, and wait and see if any binding Offers for Currys actually materialises.

Takeover season has arrived. Take a look at HFD, it's on the move also. Value will return to the FTSE250 sometime soon.

CURY is a bargain price & stealing takeover value. Worth to read : https://www.retailgazette.co.uk/blog/2024/02/why-is-currys-takeover-target/

Market recognise CURY & investors are saying minimum 80p per share . So SP will surge towards 80p and followed by takeover offer will come.

Interesting information for anyone trying to work out the chance of a successful takeover based on current statistics: Statistical information The big peak on graph was in 2021. 2023 was a new low... So 2024 potentially should be the rebound year... So chances of takeovers actually happening in 2024 is higher (imho) than 2023.. This only works if you like Brucies "Play Your Cards Right" type of statistics...

https://amp.theguardian.com/business/2024/feb/19/currys-board-bidders-us-hedge-fund-elliott1 billion pounds takeover loom for @curryplc

Looking at historic statistics takeover premiums are typically around 30% (not 300%).So 80 even would be substantially above the that.

Number of institutions bought yesterday because CURY is massively undervalued & takeover offer is on going. 39 million shares traded yesterday with 38% premium. Institutional investors are not stupid , they know what they are doing?

THIS WEEK: After hours or before market opens , would be another RNS for new takeover bid?? Which is close to 1 billion pounds, PER SHARE OVER 90p , another round surge towards 140p

Takeover for less than 75p. is unlikely to happen.In the meantime, we just need to wait and let it all play out. These things take time, so patience is required and hopefully will be well rewarded.

Multiple takeover bid battle for multi billion company CURY https://www.reuters.com/markets/deals/elliott-advisors-considers-new-cash-bid-currys-times-reports-2024-02-18/

I suspect that those short will be praying for no takeover more than anyone else. What camp are you in?

Remember what happened to Marstons when they rejected what now looks a great price, the sp slumped to lows, still not the same animal, drowning in debt that one, they must be praying for early rate cuts! 75-90p whilst a good return if you bought recently, it still leaves many that bought much higher up, so losses for them, so I understand they will be praying for no takeover and a medium/long term recovery

Will a JD.com takeover narrow consumer choice by favouring chinese products more than Curry's do now ? And regarding the iD mobile network, why would JD.com be treated with any less suspicion that Huawei was ?

5th person for takeover bidding , let’s bring more lol

Netcurtains, L&G and State Street are not new holdings. I think holders of above 1% just need to declare when a company is subject to a takeover. We should get a few more declarations.

The UK electronics retailer’s share price rose by 38% on Monday in early trading. It peaked at 66p its highest since March, although far below its peak of £5 a share at the end of 2015. The company was valued at £533m on Friday evening before the takeover approaches were first reported.

https://amp.theguardian.com/business/2024/feb/19/currys-shares-soar-china-jd-com-takeover-battle-elliott

1 down, 23 to go.... My list of potential takeovers... BRBY, BT.A, CMCX, COST, CPI, DOCS, EZJ, FORT, FSJ, ITV, JD., MARS, PSN, RNK, SPT, WOSG, AGFX, CBG, CRST, CURY, KIE, PEBB, PZC, WJG. All are takeover candidates IMO.

Wait for JD takeover offer news come through , another round big surge. NEWS ANYTIME SOON

'A takeover of the company would be a boost for Mike Ashley's Frasers Group (FRAS.L), opens new tab, which has amassed a more than 11% stake in Currys, partly through financial instruments.' So Mike actually has more than 6%? He won't tolerate a low-ball offer! They've been buying all over the place because he clearly sees value!

JD Sports, Marks & Spencer, AO World & Dunelm could all see their share prices marked higher following Currys’ rejection of a £700 million takeover bid say Analysts at Shore Capital

Until there is an official R.N.S statement confirming a binding takeover bid for Currys from anybody........... nothing changes. There can be no certainty that JD.Com or Elliott or anyone else will actually make an offer for Currys PLC.

As I mentioned yesterday... My list of potential takeovers... BRBY, BT.A, CMCX, COST, CPI, DOCS, EZJ, FORT, FSJ, ITV, JD., MARS, PSN, RNK, SPT, WOSG, AGFX, CBG, CRST, CURY, KIE, PEBB, PZC, WJG. All are takeover candidates IMO.

Fair play to people taking profit / cutting risk at this level but the offer was 62p and JD will not want to be outbid by some lowly fund managers :p. Expecting a run higher later but who knows. UK investors really don't know the value of what they hold in companies hence these low ball stupid takeover offers from those that do

Until there is an official R.N.S statement confirming a binding takeover bid for Currys has been made by JD.Com nothing changes. There can be no certainty that JD.Com will make any offer for Currys PLC.

Until there is an official R.N.S statement that confirms a binding takeover bid for Currys has been made, nothing changes. Elliott made an informal approach to buy Currys that was immediately rejected by Currys.

There is no takeover bid on the table for Currys Elliott made an informal approach to Currys that was immediately rejected. Under UK takeover regulations Elliott now only has until 16 March to decide whether to launch a hostile bid or to just walk away. In accordance with Rule 2.6(a) of the City's Takeover Code, Elliott must, by not later than 5.00 p.m. on 16 March 2024, being 28 days following the date of this announcement, either announce a firm intention to make an offer for Currys in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer for Currys, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline will only be extended with the consent of the Panel in accordance with Rule 2.6(c) of the Code.