Czech billionaire Daniel Kretinsky is to become chairman of the Royal Mail, it was confirmed on Friday, a month after taking parent International Distribution Services private in a £3.6bn deal. The tycoon is joining the IDS board as a non-executive, along with three other directors, becoming chair of both. He …
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The new Labour government is set to look closely at the £5.3bn takeover of Royal Mail-owner International Distribution Services by Czech billionaire Daniel Kretinsky. Business secretary Jonathan Reynolds said it would be “reasonable to expect [the deal] to be called in”, as ministers had intervened when Kretinsky increased his stake …
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Forescout Technologies has agreed to be bought by Advent International for $1.9bn (£1.5bn) in cash in the private equity firm’s latest purchase on its buying spree. Advent will pay $33 for each Forescout share – almost 30% more than Forescout’s closing price on 18 October – before two other investment …
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