International Distributi... Share Discussion Threads

[isis] 15/5/2024 14:43

The Government will not even this to their own Regulator. Can't be right!
They are put in an impossible position by the Union and the Government!

[jason29] 15/5/2024 14:38

I'd say it's more the CWU tbf. Literally strangled the life out of them. Be glad to see it sold here.

[isis] 15/5/2024 14:30

Sunak has strangled this Company so they are barely offering nothing for RM

[jason29] 15/5/2024 14:19

Market worried about the Regulator dare say......

[justiceforthemany] 15/5/2024 14:14

Trading >10% below the offer.
Board has recommended it.

[slopsjon2] 15/5/2024 14:13

"Having considered the Proposal, the Board has indicated to EP Group that it would be minded to recommend an offer to IDS shareholders should an offer be made at the level of the Total Value, subject to satisfactory resolution of the final terms and arrangements. EP Group has confirmed that the Proposal is not subject to any financing pre-condition."

[jason29] 15/5/2024 14:06

Be interesting to see where it settles after Auction. Surely no way the Board can reject this............

[jason29] 15/5/2024 14:05

370 including 10p in Dividends. I'll be snapping their hands off when I get a chance tbh lol

[sr2day] 15/5/2024 12:52

I would expect next offer today between 350p and 390p.

[isis] 15/5/2024 12:31

Meanwhile the CWU are still acting like they own it!

[moorsie2] 15/5/2024 08:36

Same as DS Smith over the last few months.

If it is going to the wire then that is usually a good sign..

If no prospect of an offer and or agreed deal then often companies give up earlier that the last day

[gargoyle2] 15/5/2024 08:12

It doesn't have to be the final offer by 5pm, just a firm intention to make an offer.

[slopsjon2] 15/5/2024 08:06

"In accordance with Rule 2.6(a) of the Code, EP Group is required, by not later than 5.00 p.m. (London time) on 15 May 2024 (being 28 days after today's date), to either announce a firm intention to make an offer for IDS in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline can be extended with the consent of the Panel on Takeovers and Mergers (the "Panel") in accordance with Rule 2.6(c) of the Code."

[yasx] 14/5/2024 18:17

The Board can talk about the undervaluing of the Co. with the bid being pitched at 320p, but the fact is that at no stage over the past couple of years has the Board even managed to get the Co. to a valuation anywhere close to that offered by the bidder. What larger shareholders need to consider is how can the Board manage the Co. to bridge that gulf. It is hard to see how they can actually achieve that.

[moorsie2] 14/5/2024 17:58

End of business tomorrow

[1224saj] 14/5/2024 17:58

I thought it was today?

[jason29] 14/5/2024 17:16

Tomorrow the deadline for a Bid isn't it?

[isis] 14/5/2024 16:16

It may seem pointless to launch a bid at this juncture that will get rejected and the inherent costs. Even if they board approved the Government might not be happy to see it fall into Foreign hands.
Although diminishing the Post is still an integral UK function.

[encarter] 14/5/2024 16:00

How does he mop up 15-20 percent more shares?

[moorsie2] 14/5/2024 13:23

Converesley I do not see a downside for Kretinsky to launch a public offer at 400p and mop up 15 to 20% more shares and take a key board seat at 45% or so shareholding going forward

The biggest risk is him walking away and putting 27% of shares in the open market

[isis] 14/5/2024 12:55

I don't think the Czech is getting alot of support for this bid so it's likely to lapse. The Board, The Union and alot of shareholders don't want it especially at the prices being bandied around.
If RM can turnaround then the shares are worth North of a Fiver where it's been before.
Sunak is holding up the transformation of RM, the sooner he goes the better, Dictating Blair fanatic!

[moorsie2] 14/5/2024 12:38

:))

Thank you for being the hall monitor NMRN

[not my real name] 14/5/2024 12:33

Moorsie2

"Without a formal offer I can see this dropping back to 220"
------------------------------------------------------------

I think everyone on this board has been thinking the same since the announcement of the bid was made but thanks for stating the obvious.

NMRN

[moorsie2] 14/5/2024 12:27

Time to sh1t or get off the pot.

Offer window closes at end of trading tomorrow so into the last 12 hours of trading before the deadline.

Without a formal offer I can see this dropping back to 220