Shareholder acceptances creep up at IDS:The takeover of Royal Mail parent International Distribution Services has reached another milestone, with shareholder acceptances now climbing to just over 40%.

[POSTMAN]

https://www.printweek.com/content/news/ ... -up-at-ids

The takeover of Royal Mail parent International Distribution Services has reached another milestone, with shareholder acceptances now climbing to just over 40%.

Today (23 April) EP UK Bidco and International Distribution Services (IDS) announced that as at 3pm yesterday, EP UK Bidco could count just over 392m IDS shares – representing approximately 40.91% of its issued share capital – towards satisfaction of the acceptance conditions.

EP Bidco is backed by Czech billionaire Daniel Křetínský’s Vesa Equity Investment, which was the biggest shareholder in IDS with a 27.58% stake.

The £3.6bn, 370p-a-share offer from EP UK Bidco remains subject to acceptance conditions. It will become unconditional if valid acceptances representing 75% of the voting rights of IDS are received by no later than 1pm on 30 April.

The takeover timetable resumed on 2 April after a delay caused by political unrest in Romania. At that point EP UK Bidco’s acceptances were at 33.58%.

The IDS board has recommended the offer.

[Hitcher]

So of the 72.42% not owned by Daniel Křetínský only 13.33% of them have agreed.

[Sean06]

So of the 72.42% not owned by Daniel Křetínský only 13.33% of them have agreed.

Pretty sure by next week he will have over 75%.

[robking]

So of the 72.42% not owned by Daniel Křetínský only 13.33% of them have agreed.

The big shareholders, merchant banks etc. will accept the offer on Wednesday morning, barring an unforeseeable black swan event derailing the bid.
Their reward is a few pence per share profit - a lot of money though given the millions of shares they've been accumulating in recent weeks.
They take on the tiny risk of something going wrong at the last minute and leaving them lumbered with their shares worth a lot less.

[Londonsburning]

So of the 72.42% not owned by Daniel Křetínský only 13.33% of them have agreed.

The big shareholders, merchant banks etc. will accept the offer on Wednesday morning, barring an unforeseeable black swan event derailing the bid.
Their reward is a few pence per share profit - a lot of money though given the millions of shares they've been accumulating in recent weeks.
They take on the tiny risk of something going wrong at the last minute and leaving them lumbered with their shares worth a lot less.

That's the name of the game. It's exactly why we have certain people with unimaginable wealth buying up businesses like RM. It's called late stage capitalism and you can see the direct effect it has on the world economy in 2025.

[datasaint]

So of the 72.42% not owned by Daniel Křetínský only 13.33% of them have agreed.

The big shareholders, merchant banks etc. will accept the offer on Wednesday morning, barring an unforeseeable black swan event derailing the bid.
Their reward is a few pence per share profit - a lot of money though given the millions of shares they've been accumulating in recent weeks.
They take on the tiny risk of something going wrong at the last minute and leaving them lumbered with their shares worth a lot less.

Why does waiting until the last minute benefit them? If they agree to sell they get the 368p offer price regardless?

[robking]

So of the 72.42% not owned by Daniel Křetínský only 13.33% of them have agreed.

The big shareholders, merchant banks etc. will accept the offer on Wednesday morning, barring an unforeseeable black swan event derailing the bid.
Their reward is a few pence per share profit - a lot of money though given the millions of shares they've been accumulating in recent weeks.
They take on the tiny risk of something going wrong at the last minute and leaving them lumbered with their shares worth a lot less.

Why does waiting until the last minute benefit them? If they agree to sell they get the 368p offer price regardless?

A late stage higher bid from somebody else perhaps? I don't know the exact rules of the takeover code, but I'm pretty sure that a bidder can't simply keep buying up all the shares that are traded on the stock exchange every day.
Maybe there's no rule to stop third parties doing it on behalf of the bidder. Maybe the likes of Kleinwort Benson and J P Morgan are effectively underwriting the bid at the solicitation of the bidder.
Or maybe they're just doing it off their own bat.

[datasaint]

So of the 72.42% not owned by Daniel Křetínský only 13.33% of them have agreed.

The big shareholders, merchant banks etc. will accept the offer on Wednesday morning, barring an unforeseeable black swan event derailing the bid.
Their reward is a few pence per share profit - a lot of money though given the millions of shares they've been accumulating in recent weeks.
They take on the tiny risk of something going wrong at the last minute and leaving them lumbered with their shares worth a lot less.

Why does waiting until the last minute benefit them? If they agree to sell they get the 368p offer price regardless?

A late stage higher bid from somebody else perhaps?

If that happens, Kretinsky's bid will have failed so the process would start all over?

[Sean06]

So of the 72.42% not owned by Daniel Křetínský only 13.33% of them have agreed.

The big shareholders, merchant banks etc. will accept the offer on Wednesday morning, barring an unforeseeable black swan event derailing the bid.
Their reward is a few pence per share profit - a lot of money though given the millions of shares they've been accumulating in recent weeks.
They take on the tiny risk of something going wrong at the last minute and leaving them lumbered with their shares worth a lot less.

Why does waiting until the last minute benefit them? If they agree to sell they get the 368p offer price regardless?

A late stage higher bid from somebody else perhaps?

If that happens, Kretinsky's bid will have failed so the process would start all over?

Kretinskys bid will not fail so no point in thinking about it..why do you think romania agreed to let him proceed before the electon in may money talks.

[Londonsburning]

So of the 72.42% not owned by Daniel Křetínský only 13.33% of them have agreed.

The big shareholders, merchant banks etc. will accept the offer on Wednesday morning, barring an unforeseeable black swan event derailing the bid.
Their reward is a few pence per share profit - a lot of money though given the millions of shares they've been accumulating in recent weeks.
They take on the tiny risk of something going wrong at the last minute and leaving them lumbered with their shares worth a lot less.

Why does waiting until the last minute benefit them? If they agree to sell they get the 368p offer price regardless?

A late stage higher bid from somebody else perhaps?

If that happens, Kretinsky's bid will have failed so the process would start all over?

Kretinskys bid will not fail so no point in thinking about it..why do you think romania agreed to let him proceed before the electon in may money talks.

I genuinely don't know why Romania finally agreed, please do enlighten us Sean.