Morning Briefing │ Thursday, April 18th, 2024

* BUSINESS: Czech billionaire Daniel Křetínský is considering buying out Royal Mail, the British national postal service, Reuters and the Financial Times reported on Wednesday. Křetínský’s investment company confirmed to Reuters that it tried to buy International Distributions Services (IDS), Royal Mail’s parent company, earlier this month, but the offer …

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LTB 136/24 – UPDATE ON IDS TAKEOVER BID

No. 136/24 18th April 2024   Dear Branches, UPDATE ON IDS TAKEOVER BID The news of a takeover bid for Royal Mail Group (IDS) by Daniel Kretinsky is another very significant moment. It is now clear the bid, made by Kretinsky-owned EP Group, was put to the Royal Mail Board …

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Royal Mail Says It Rejected £3.2B Bid By Czech Mogul’s Group

By Dawood Fakhir (April 18, 2024, 7:41 PM BST) — The parent company of Britain’s national postal carrier Royal Mail has confirmed that it rejected an approximately £3.2 billion ($4 billion) “opportunistic” bid from a European conglomerate controlled by Czech billionaire Daniel Kretinsky…. Law360 is on it, so you are, …

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