Royal Mail and Union close in on deal
Royal Mail and the postal union have struck a provisional deal which could end a long-running row over jobs, pay and services, reports Sky News.
Read MoreTag: Royal Mail Group
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Read MoreCandover buys DX to merge it with SMS
DX Services, the mail business, is to be bought by Candover Partners, the private equity firm, for Pounds 348.7m.
The offer of 415p a share in cash represents a 26 per cent premium to the closing share price of 330 1/2p on July 3, the day before the company announced it had received an approach from an unidentified party.
Candover’s acquisition represents a direct challenge to the Royal Mail Group as the private equity firm plans to merge DX with Secure Mail Services, a postal company that delivers time-sensitive documents.
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Presentation by Royal Mail Group at WME E06
P:LibraryWME Europe 06 presentations
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