Elliott and JD.com consider battle over U.K retailer

The latest showdown between the U.S. and China may take place on the British high street.Shares in London-listed Currys CURY, +37.64% surged 37% on Monday after Chinese e-commerce giant JD.com said it was considering an offer for the struggling U.K. electrical goods retailer.The announcement raises the prospect of a bid battle with Elliott Investment Management after the U.S. hedge fund and private equity group said over the weekend it was considering making a 62 pence cash offer for Currys that valued the ...