International Distribution Services Nears Takeover Despite Delay

2025-03-24 13:30:54 ET

Summary

• The acquisition of International Distribution Services by Daniel Kretinsky at 370 pence per share, including a 10 pence dividend, is deemed fair despite challenges.
• The UK government approved the acquisition under national security laws in December 2024, with minor delays expected due to Romanian regulatory conditions.
• The transaction price for ROYMF shares is $4.66, offering a 7% total return, including a special dividend. Shareholders are advised to hold their shares.
• Completion of the acquisition is imminent, with no major regulatory hurdles anticipated. Shareholders should remain patient until the transaction is finalized.

In November, I covered International Distribution Services ( OTCPK:ROYMF ), or IDS. The company has received a takeover bid from Czech billionaire Daniel Kretinsky in May 2024. A prior offer for the company was rejected. The sweetened deal of 370 pence per share including a final dividend of 10 pence a share was accepted by the parent company of Royal Mail....

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