( ) -q-22- UNDATED (Correspondent Jeremy House) “wanted more assurances.” The owner of Britain’s Royal Mail postal service says it has accepted a 4.6 billion dollar takeover offer from Czech investor Daniel Křetínský. [CutID: <Cuts> ROYAL-MAIL-TAKEOVER-house-q-WEDam.mp3 Time: 22s Title: ROYAL-MAIL-TAKEOVER-house-q-WEDam Out-cue: wanted more assurances] TAG: Correspondent Jeremy House reporting. Křetínský has a vast, Europe-wide portfolio […]
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Owner of UK’s Royal Mail accepts takeover offer from Czech billionaire
( ) -q-22- UNDATED (Correspondent Jeremy House) “wanted more assurances.”
The owner of Britain’s Royal Mail postal service says it has accepted a 4.6 billion dollar takeover offer from Czech investor Daniel Křetínský.
[CutID: <Cuts> ROYAL-MAIL-TAKEOVER-house-q-WEDam.mp3
Time: 22s
Title: ROYAL-MAIL-TAKEOVER-house-q-WEDam
Out-cue: wanted more assurances]
TAG: Correspondent Jeremy House reporting. Křetínský has a vast, Europe-wide portfolio of business interests that includes stakes in Macy’s, Foot Locker and U.K. supermarket chain Sainsbury’s. A union official cautiously welcomed the deal but said it wanted more assurances.
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VERBATIM: Under the deal, Křetínský’s EP Group would buy International Distribution Services, which owns Royal Mail, for $4.72 per share. Including debt, the deal values IDS at 6.6- billion dollars. IDS said no major job losses were planned as part of the deal, which must be approved by shareholders.