Royal Mail owner poised to accept £3.5bn takeover bid
Royal Mail's owner IDS said it had received a revised proposal of 370p a share from a Czech billionaire.
BBC News
The Royal Mail Group Limited, trading as Royal Mail, is a British postal service and courier company. It is owned by International Distributions Services. It operates the brands Royal Mail and Parcelforce Worldwide (parcels). The company used the name Consignia for a brief period in the early 2000s but changed it afterwards.
Royal Mail's owner IDS said it had received a revised proposal of 370p a share from a Czech billionaire.
The owner of Royal Mail has said it is "minded" to accept a revised takeover bid by Czech billionaire Daniel Kretinsky.