The offer valued IDS, which owns Royal Mail and international parcels network GLS, at 370 pence per share.It includes the provision of the 'one-price-goes-anywhere' Universal ServiceRoyal Mail's parent company International Distributions Services said on Wednesday it had agreed to a 3.57 billion pound formal takeover offer by Czech billionaire Daniel Kretinsky.
Obligation, the maintenance of employee benefits and pensions and ensuring Royal Mail remains headquartered and tax resident in the UK, he added. Royal Mail has been trying to transform itself into a parcel-led business as letter volumes declined sharply over the years.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: