Royal Mail parent (IDS) to be taken over by Czech billionaire Kretinsky £3.5-B deal

Royal Mail is set to be acquired by Czech billionaire Daniel Kretinsky after the board of its parent company, International Distributions Services (LON:IDS), accepted a £3.5 billion takeover offer. Invezz reported on the speculation on May 28. The offer, recommended by the IDS board on Wednesday, values the company at 370p per share. Breakdown of […]