Billionaire Kretinsky eyes tactical bid for Britain’s Royal Mail
In a strategic move, billionaire Daniel Kretinsky sets his sights on Britain's Royal Mail through International Distributions Services Plc (IDS). With 28% ownership already secured, his proposed ÂŁ3.5 billion bid reflects a 73% premium, exploiting market uncertainty. Despite board approval, resistance wanes amid regulatory ambiguity. Kretinsky's bold play hinges on restructuring prospects and governmental intervention. Amidst scepticism, shareholders weigh the gamble as IDS navigates a pivotal crossroads in its valuation and future.
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By Chris Hughes
Daniel Kretinsky's attempted takeover of the company behind Britain's Royal Mail is smart, opportunistic and tempting. The billionaire's target, London-listed International Distributions Services Plc, has pretty much caved. And the government — at least the current one — doesn't sound opposed to the national postal service changing ownership.
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