Chinese tech giant pulls out of Currys bidding war [Yahoo! Finance]
JD.com, Inc. - American Depositary Shares (JD)
Last jd.com, inc. - american depositary shares earnings: 3/2 05:03 am
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Source: Yahoo! Finance
Investors sought to sell down shares after JD.com's withdrawal as the prospect of a takeover recedes. The Chinese suitor had until Monday to make a formal offer for Currys, having said last month that it was in the “very preliminary stages” of evaluating a bid. However, it said on Friday that “following careful consideration, it does not intend to make an offer”. The announcement comes just days after US hedge fund Elliott also abandoned its effort to take Currys private after two successive bids were rebuffed by the retailer's board No other company has been linked with a potential deal for the retailer. It will dampen speculation over an imminent bidding war for the business , which has seen its share price surge in recent weeks. Shares are up around 45pc since Elliott's interest first emerged earlier this year. The Telegraph had initially revealed that JD.com had also declared an interest last month, as Currys having held exploratory discussions with the Chinese tech
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JD
Earnings
- 3/6/24 - Beat
JD
Sec Filings
- 4/26/24 - Form 6-K
- 4/18/24 - Form 6-K
- 4/18/24 - Form 6-K
- JD's page on the SEC website