US fund walks away from £757m takeover bid for retailer Currys

The chain has 820 stores across the world, including 23 in Ireland.

US investor Elliott Advisors does not intend to make an offer for Currys, saying the board of the British electricals retailer would not engage with it. The chain has 820 stores across the world, including 23 in Ireland, north and south.

Shares in Currys, which last month rejected an improved £757m (€887m) proposal from Elliott, closed  5% lower in the London trading session. China-based online giant JD.com has also said it is considering an offer.