News / 'Opportunistic' takeover bid for UK Royal Mail rebuffed

UK Royal Mail holding company IDS has rejected an “opportunistic” takeover offer by Czech billionaire investor Daniel Křetínský.  

Mr Křetínský’s company, EP Group, this month submitted a “non-binding indicative proposal” for the holding company of the Royal Mail and General Logistics Systems (GLS) of 32 pence ($0.40) per share.  

It was “seeking recommendation for a possible cash offer for the entire share capital of IDS”. 

The IDS board formally rejected the offer on the grounds that it “significantly undervalues IDS and its ...