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.
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