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International Distributions Services plc (ROYMY)
- The Telegraph
Royal Mail at risk of being broken up after £3.6bn foreign takeover
Royal Mail is at risk of being broken up in just three years after the postal service accepted a £3.6bn takeover offer from a Czech billionaire.
- Reuters SG
Deals of the day-Mergers and acquisitions
** Prolific oil and gas developer Double Eagle is exploring a sale of its latest Permian Basin-based producer in a deal that could be worth more than $6.5 billion, including debt, according to people familiar with the matter. ** The owner of Britain's Royal Mail has agreed to a 3.57 billion pound ($4.55 billion) takeover by Czech billionaire Daniel Kretinsky, in a take-private deal of one of the world's oldest postal firms.
- Reuters
Royal Mail, GLS need big investments soon, billionaire suitor Kretinsky says
PRAGUE (Reuters) -Royal Mail and its sister business GLS need sizable, almost immediate investments to defend market share and face shifting market trends, Czech billionaire Daniel Kretinsky told Reuters on Wednesday after the group's owner agreed to a 3.57 billion pound ($4.55 billion) takeover. "It is important for logistics companies not to miss this out-of-home delivery wave, which means they need to be ready to invest now," Kretinsky said. The offer valued International Distributions Services, owner of Royal Mail and international parcel service GLS, at 370 pence per share.
