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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Royal Mail suitor should face fit and proper person test

While Chancellor Jeremy Hunt last night declined to comment directly on the takeover bid, he signalled that the Government would revisit how “former public sector monopolies” are regulated to safeguard the provision of vital services. However, the Labour Party has signalled it is open to Mr Křetínský’s approach. A spokesman …

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