[ad_1] The owner of Royal Mail has said it is “minded” to accept a revised takeover bid by Czech billionaire Daniel Kretinsky. The latest offer from Mr Kretinsky’s investment firm EP Group values the Royal Mail parent company International Distribution Services (IDS) at £3.5bn. Money latest: UK economy in safe hands ‘whoever wins’ election, top…
[ad_1] The owner of Royal Mail has said it is “minded” to accept a revised takeover bid by Czech billionaire Daniel Kretinsky. The latest offer from Mr Kretinsky’s investment firm EP Group values the Royal Mail parent company International Distribution Services (IDS) at £3.5bn. Money latest: UK economy in safe hands ‘whoever wins’ election, top…
[ad_1] FTSE 100 advances 17.67 points to 8445.8 Experian tops leaderboard on top-end results Royal Mail owner IDS jumps after new Czech Sphinx offer … [ad_2] Source link
[ad_1] Czech billionaire Daniel Kretinsky is poised to become the next owner of Royal Mail after he today unveiled a sweetened £3.5billion offer from his company. Known as the ‘Czech Sphinx’ for his inscrutable manner, the 48-year-old already has substantial investments in the UK, including a 27 per cent stake in West Ham and a 10…
[ad_1] The Royal Mail said it is “minded” to accept the latest takeover bid by Czech billionaire Daniel Kretinsky. The improved offer values the Royal Mail parent company International Distribution Services (IDS) at £3.5bn. IDS, which also owns GLS, a thriving parcels delivery service based in the Netherlands. “The Board is minded to recommend this…
[ad_1] Almost every aspect of Daniel Křetínský’s fresh offer for the owner of the Royal Mail is unsatisfactory: the price, the identity of the bidder and the sketchy “undertakings” to protect the UK postal service. First, the terms – 370p a share, or £3.5bn – only look attractive if you think the government, or the…
[ad_1] Royal Mail’s owner has said it would be “minded” to agree a takeover by shareholder Daniel Kretinsky after the Czech billionaire put forward a higher proposed bid worth around £3.5 billion. International Distribution Services (IDS) said Mr Kretinsky’s EP Group had upped its proposal to 370p a share, from an initial 320p-a-share approach made…
[ad_1] Kirkland & Ellis and rival Paul Weiss are advising on the latest bid for Britain’s Royal Mail by Czech billionaire Daniel Kretinsky. Kirkland & Ellis is acting for EP Corporate Group, which Wednesday made a fresh bid for Royal Mail parent company International Distributions Services Plc that values it at £3.5 billion ($4.4 billion)….
[ad_1] Czech billionaire Daniel Křetínský might be the next owner of Royal Mail, after its parent company International Distributions Services (IDS) … [ad_2] Source link
[ad_1] Keith Williams, chairman of IDS, said: “The board is minded to recommend this offer price, which it considers to be fair and reflects the value of GLS’ current growth plans and the progress being made on change at Royal Mail to adapt the business to a significant fall in the demand for letters and…