Royal Mail owner received takeover offer from Czech billionaire

[gt94sss2]

The owner of Royal Mail received a £3bn takeover offer from a Czech billionaire who has stakes in Sainsbury’s and West Ham United football club. Daniel Křetínský approached International Distributions Services (IDS), the owner of the struggling British postal company, this month.

In a statement, Křetínský’s EP Group, said the proposal, made on 9 April, was rejected by IDS but that it “looks forward to continuing to engage constructively with the board”.

IDS said its board had “unanimously” rejected the proposal on 11 April and that Křetínský had offered 320p a share, valuing the group at £3.1bn – a significant premium on the group’s share price before his interest emerged.

Shares in IDS increased by 29% to 276p on news of Křetínský’s interest, valuing the company at £2.6bn.

More at https://www.theguardian.com/business/20 ... y-ep-group

[TopperGas]

So run the company down until it's on it's knees and the share price tanks, then make an offer to buy the company on the cheap, all the time the Government just sits and watches? What's the betting if (or should that be when?) the takeover occurs RM suddenly returns to making decent profits?

[Philbag70]

So run the company down until it's on it's knees and the share price tanks, then make an offer to buy the company on the cheap, all the time the Government just sits and watches? What's the betting if (or should that be when?) the takeover occurs RM suddenly returns to making decent profits?

Indeed. It'd be an astonishing coincidence, almost as if this whole mess has actually been a planned deception. Surely not???