Royal Mail-Parent's $4.50 Bln Takeover Clears Major Hurdle -- Market Talk

Dow Jones12-16

1143 GMT - The U.K. government's approval of the sale of Royal Mail's parent company clears one of the biggest hurdles for Czech billionaire Daniel Kretinsky to acquire it, AJ Bell's investment director Russ Mould says in a note. The 3.57 billion pound ($4.50 billion) acquisition of International Distribution Services by Kretinsky's EP Group's still needs to be voted on by shareholders. There isn't certainty that the deal will sail through, Mould says. While EP Group is offering 370 pence per share, certain shareholders have suggested IDS's parcels arm, GLS, is worth at least 350 pence per share, Mould says. However, EP Group might argue that Royal Mail doesn't deserve a high price given the work needed to fix the postal services company's problems, he adds. IDS shares are up 0.8% at 361 pence. (maitane.sardon@wsj.com)

(END) Dow Jones Newswires

December 16, 2024 06:44 ET (11:44 GMT)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2491866454?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-12-16 19:44","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2491866454","market":"sg","top_or_hot":-1,"title":"Royal Mail-Parent's $4.50 Bln Takeover Clears Major Hurdle -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1143 GMT - The U.K. government's approval of the sale of Royal Mail's parent company clears one of the biggest hurdles for Czech billionaire Daniel Kretinsky to acquire it, AJ Bell's investment director Russ Mould says in a note. The 3.57 billion pound ($4.50 billion) acquisition of International Distribution Services by Kretinsky's EP Group's still needs to be voted on by shareholders. There isn't certainty that the deal will sail through, Mould says. While EP Group is offering 370 pence per share, certain shareholders have suggested IDS's parcels arm, GLS, is worth at least 350 pence per share, Mould says. However, EP Group might argue that Royal Mail doesn't deserve a high price given the work needed to fix the postal services company's problems, he adds. IDS shares are up 0.8% at 361 pence. (maitane.sardon@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 16, 2024 06:44 ET (11:44 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Royal Mail-Parent's $4.50 Bln Takeover Clears Major Hurdle -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRoyal Mail-Parent's $4.50 Bln Takeover Clears Major Hurdle -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-16 19:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>1143 GMT - The U.K. government's approval of the sale of Royal Mail's parent company clears one of the biggest hurdles for Czech billionaire Daniel Kretinsky to acquire it, AJ Bell's investment ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0345780521.USD","symbol_name":"NINETY ONE GSF GLOBAL GOLD \"A\" (USD) INC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2491866454","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2491866454","pubTimestamp":1734349440,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1143 GMT - The U.K. government's approval of the sale of Royal Mail's parent company clears one of the biggest hurdles for Czech billionaire Daniel Kretinsky to acquire it, AJ Bell's investment director Russ Mould says in a note. The 3.57 billion pound  acquisition of International Distribution Services by Kretinsky's EP Group's still needs to be voted on by shareholders. There isn't certainty that the deal will sail through, Mould says. While EP Group is offering 370 pence per share, certain shareholders have suggested IDS's parcels arm, GLS, is worth at least 350 pence per share, Mould says. However, EP Group might argue that Royal Mail doesn't deserve a high price given the work needed to fix the postal services company's problems, he adds. IDS shares are up 0.8% at 361 pence. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0345780521.USD":"NINETY ONE GSF GLOBAL GOLD \"A\" (USD) INC","LU0345780281.USD":"NINETY ONE GSF GLOBAL GOLD \"A\"  ACC","BK4017":"黄金","BK4585":"ETF&股票定投概念","RGLD":"皇家黄金","BK4588":"碎股"},"translate_title":"皇家邮政母公司45亿美元收购扫清了主要障碍——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RGLD":1},"content_text":"1143 GMT - The U.K. government's approval of the sale of Royal Mail's parent company clears one of the biggest hurdles for Czech billionaire Daniel Kretinsky to acquire it, AJ Bell's investment director Russ Mould says in a note. The 3.57 billion pound ($4.50 billion) acquisition of International Distribution Services by Kretinsky's EP Group's still needs to be voted on by shareholders. There isn't certainty that the deal will sail through, Mould says. While EP Group is offering 370 pence per share, certain shareholders have suggested IDS's parcels arm, GLS, is worth at least 350 pence per share, Mould says. However, EP Group might argue that Royal Mail doesn't deserve a high price given the work needed to fix the postal services company's problems, he adds. IDS shares are up 0.8% at 361 pence. (maitane.sardon@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  December 16, 2024 06:44 ET (11:44 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2491866454"}