By Michael SusinCurrys led the FTSE 250 index in early trading after the U.K. electronics retailer attracted takeover interest. Shares at 0809 GMT were up 33% to 62.70 pence, the stock's sharpest intraday percentage move in 23 years. JD.com has until March 18 to either make a formal offer for Currys or walk away under U.K. Takeover Panel rules. Also on Monday, Currys' board rejected the takeover offer of 62 pence a share from investment management firm Elliott Advisors. The offer valued Currys' total shares at around 702.8 million pounds ($885.6 million), and represented a 32% premium to Friday's closing price.

Source: Wall Street Journal February 19, 2024 08:42 UTC