Royal Mail Owner Considers £3.5bn Takeover by Czech Billionaire

Daniel Křetínský's revised offer includes commitments to maintain key services and protect employee rights.

International Distributions Services (IDS) is inclined to recommend a £3.5bn offer from Daniel Křetínský's EP Group.
The revised bid of 370p per share follows an earlier rejected offer of 320p per share.
Křetínský has agreed to protect current employee rights, maintain the Royal Mail brand, and keep the headquarters in the UK.
The takeover proposal includes commitments to uphold Royal Mail's universal service obligation.
Regulatory and governmental scrutiny is expected due to the significance of Royal Mail as a national infrastructure asset.