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Stock impact report

Exclusive: Daniel Kretinsky explores bid for Royal Mail owner, sources say [Reuters]

Foot Locker, Inc. (FL) 
Last foot locker, inc. earnings: 2/28 06:45 am Check Earnings Report
Company Research Source: Reuters
seen its market value fall to 2.1 billion pounds ($2.62 billion), two people familiar with the matter told Reuters. Kretinsky, the largest shareholder in Royal Mail's London-listed parent International Distributions Services (IDSI.L) New Tab , opens new tab (IDS), has been working with advisers informally in recent months to consider taking over the company, one of the people said. Deliberations are in the early stages, the person said, cautioning there is no certainty Kretinsky will decide to go ahead with an offer. Kretinsky holds a 27% stake in IDS via investment vehicle VESA Equity Invesment that he founded in 2018 with business partner Patrik Tkac, which also has a stake in J Sainsbury (SBRY.L) New Tab , opens new tab and Foot Locker (FL.N) New Tab , opens new tab , according to VESA's website. VESA declined to comment. IDS comprises two businesses, including international parcels network General Logistics Systems (GLS,) based in Amsterdam, and the Royal Mail busi Show less Read more
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