IDS Receives Revised Takeover Proposal
Company Announcements

IDS Receives Revised Takeover Proposal

Royal Mail PLC (GB:IDS) has released an update.

International Distributions Services plc (IDS) has received a revised non-binding cash offer from EP Corporate Group for all issued IDS shares not already owned, at a value of approximately £3.5 billion, representing a significant premium over the current share price. The offer includes a commitment to maintain Royal Mail’s universal service obligations and protect workforce interests. IDS is considering the offer and has extended the deadline for a firm decision until May 29, 2024, as discussions and due diligence continue.

For further insights into GB:IDS stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks UK Auto-Generated NewsdeskRoyal Mail’s GLS Expands with ACS Stake Acquisition
TipRanks UK Auto-Generated NewsdeskRoyal Mail’s AGM: Shareholders Support All Resolutions
TipRanks UK Auto-Generated NewsdeskRWC Asset Management Adjusts Royal Mail Stake
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App