International Distribution Services PLC - ADR (ROYMY)
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Kretinsky poised to make firm offer for Royal Mail owner, source says
Royal Mail's parent company International Distributions Services (IDS) is set to recommend a firm offer by Czech billionaire Daniel Kretinsky, a person with knowledge of the situation said.
Royal Mail owner IDS fails to deliver results on time
The owner of Royal Mail, International Distributions Services PLC (LSE:IDS), has not published its final results on time. IDS had scheduled the numbers to be reported at 7am this morning, Thursday 23 May, and this date was still confirmed on its investor relations page this afternoon.
Royal Mail takeover to face national security checks, says Hunt
Royal Mail's takeover will be analysed from a national security standpoint should shareholders accept the offer, chancellor Jeremy Hunt said. Czech billionaire Daniel Kretinsky is closing in on acquiring the postal service's parent company for £3.5 billion after his improved offer was met favourably by management.
