IN BRIEF: International Distribution Services to be delisted next week

International Distribution Services PLC - London-based owner of Royal Mail - EP Corporate says it now has received 90.15% acceptances of its GBP3.6 billion takeover offer. As a result of passing the 90% threshold, EP Corporate, the vehicle of Czech billionaire Daniel Kretinsky, will now move to compulsory acquisition of remaining IDS shares. EP Corporate expects to cancel the trading of IDS shares on the London Stock Exchange by Monday next week. Under the terms of the offer, shareholders will receive 370 pence for each IDS share. The deadline for acceptances is June 11. The takeover offer is worth GBP5.3 billion including IDS's debt.

Current stock price: 359.27p

12-month change: up 12%

By Tom Waite, Alliance News editor

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