LONDON (Alliance News) - Activist investor Elliott Advisors is considering taking up a stake in retailer Dixons Carphone PLC following a slump in the company's share price, Sky News reported on Monday.
The news agency said it has learnt that Elliott, which has built stakes in several European companies, has been undertaking detailed analysis of Dixons Carphone's finances for some weeks.
City sources told Sky News that Elliott has not yet started to buy shares in the company and could still decide not to do so.
"Elliott looks at lots of companies, and more often than not does not end up acquiring a stake," one person, who knows the asset manager well, told Sky News.
https://news.sky.com/story/activist-elliott-explores-taking-dixons-carphone-stake-11613640
Dixons Carphone shares were trading up 2.9% at 139.30 pence each on Monday, though the stock is 26% lower compared to this time last year. The electronics retailer is due to release a trading statement on Tuesday.