takeover

Royal Mail continues to cut UK flights despite takeover

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The chief executive of Royal Mail’s parent company has said he will continue to transform the group despite a £3.57bn takeover, with Royal Mail preparing to cut more daily freight flights this month. Martin Seidenberg, the CEO of International Distribution Services, is planning “the biggest network change in 20 years” to modernise Royal Mail’s deliveries, … Read more

‘We’re in a vacuum’: Boeing takeover puts old Belfast factory at risk

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Much has changed in Belfast since the 1930s. Yet despite the Second World War, decades of Troubles and the sharp decline of heavy industry, the Short Brothers factory has continued to produce aircraft and components. But now the takeover of the plant’s owner, Spirit AeroSystems, by US aircraft manufacturer Boeing is raising questions about its … Read more

Adnoc’s long hunt for Covestro should produce Europe’s biggest takeover of the year

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Sheikh Mohammed bin Zayed al-Nahyan, President of the United Arab Emirates, found a request from Abu Dhabi’s national oil company Adnoc in his inbox last week. Could the team that bid for Covestro, one of Germany’s largest companies, show goodwill by sweetening the deal by €2 per share, or 3 percent? Sheikh Mohammed, also chairman … Read more

Anglo American extends the deadline for its takeover of BHP after rejecting an improved offer

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Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. Anglo American has expanded talks with BHP over a takeover bid, keeping the prospect of the mining sector’s biggest ever deal alive even after the British-listed group rejected a £38.6 billion third approach. BHP now … Read more

Second-class post after takeover ‘reduced to just three days a week’

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According to reports, second class mail will be reduced to just three days a week when billionaire Daniel Kretinsky completes his £3.5 billion takeover of Royal Mail. The businessman, nicknamed the ‘Czech Sphinx’ because of his inscrutable nature, plans to take Britain’s 500-year-old postal service fully into foreign hands for the first time. But the … Read more

Kretinsky insists the West Ham takeover is low on the priority list

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Czech billionaire Kretinsky poised to complete £3.5 billion purchase of Royal Mail The 48-year-old is West Ham’s second largest shareholder after David Sullivan CHRIS SUTTON: Fans are fed up with VAR… but it’s here to stay – Listen to the It’s All Kicking Off podcast Firstly, the Royal Mail. Next, Westham? Sources close to Daniel … Read more