International Distribution Services Acquired by EP UK Bidco Limited

International Distributions Services ( (GB:IDS) ) just unveiled an update.

International Distribution Services PLC, a UK-based company, has been acquired by EP UK Bidco Limited. Morgan Stanley has submitted a notification following this acquisition, indicating that the shares were tendered to a public offer, resulting in a significant change in the voting rights structure. This acquisition marks a pivotal shift in the company’s ownership, potentially impacting its market strategy and stakeholder interests.

The most recent analyst rating on (GB:IDS) stock is a Hold with a £2.90 price target. To see the full list of analyst forecasts on International Distributions Services stock, see the GB:IDS Stock Forecast page.

Spark’s Take on GB:IDS Stock

According to Spark, TipRanks’ AI Analyst, GB:IDS is a Neutral.

International Distributions Services’ overall stock score reflects its moderate financial performance and reasonable valuation. Technical indicators point to potential bearish momentum, but recent corporate events, including an acquisition and special dividend, provide positive prospects. Operational efficiency and cash flow challenges remain significant areas for improvement.

To see Spark’s full report on GB:IDS stock, click here.

More about International Distributions Services

YTD Price Performance: 0.93%

Average Trading Volume: 4,026,704

Technical Sentiment Signal: Buy

Current Market Cap: £3.46B

Find detailed analytics on IDS stock on TipRanks’ Stock Analysis page.