By Elliot Gulliver-Needham Currys has rejected a £700m takeover bid from feared activist investor Elliott Investment Management. Yesterday, the electronics retailer said it had received an “unsolicited, preliminary and conditional proposal from Elliott”. This would have involved a cash offer for the entire firm at 62p per share, making the full offer for the firm total to about £700m. Currys closed on Friday at 47.1p per share, valuing the business at £534m, but this time last year, the firm’s stock price sat at 75p per share. The board said it considered the proposal with its financial advise…