Another British institution ending up in the hands of foreign owners and what's the betting they'll milk it for everything they can then leave it in such a perilous state that the uk taxpayer will end up bailing it out again !
https://www.bbc.co.uk/news/articles/cd131l3k9jnoThe owner of Royal Mail is poised to accept an improved takeover bid worth about £3.5bn from shareholder and Czech billionaire Daniel Kretinsky.
International Distribution Services (IDS) said it had received a revised proposal of 370p a share from Mr Kretinsky's EP Group.
It marks an improvement on the initial 320p-a-share cash bid made in April for the shares in IDS that it does not already own.
In an update to investors, Royal Mail's parent company said it would be "minded to recommend" the new proposal on the updated terms and price, should a firm bid be made.
there's more but you know what will happen there will be loads of reassurances made but once in control all will be broken and we'll end up with only a once a week(or month) postal service.
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