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Royal Mail Owner Says Kretinsky’s $3.9 Billion Bid Too Low

Breadcrumb Trail Links PMN Business The owner of Britain’s Royal Mail said it rejected a £3.1 billion ($3.9 billion) bid from Czech entrepreneur Daniel Kretinsky because it “significantly undervalues” the company. Author of the article: Bloomberg News Peter Laca, Irene García Pérez and Sabah Meddings Published Apr 17, 2024  •  …

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Royal Mail faces takeover bid from Czech billionaire

His ownership of significant stakes in Royal Mail and Sainsbury’s has forced him to be more open and, in his first British interview last year, he pledged to keep Royal Mail listed on the stock market, saying it was good if “every British citizen can invest in the shares”. Royal …

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NEWS: Small firms oppose second-class cuts

As reported by FSB, The Federation of Small Businesses calls proposed reductions in second-class mail delivery “too drastic,” welcoming the retention of the six-day first-class service but urging reconsideration of the changes Responding to Royal Mail’s response to the Ofcom consultation, Federation of Small Businesses Policy Chair Tina McKenzie, said: “Taking the axe …

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