EP Corporate Group, a.s. submitted a non-binding indicative proposal to acquire remaining 72.4% stake in International Distributions Services plc (LSE:IDS) for £2.2 billion on April 9, 2024. Under the terms of agreement, EP Corporate Group is paying 320 pence per share for the acquisition of International Distributions Services plc. There can be no certainty that any firm offer for IDS will be made, nor as to the terms on which any firm offer might be made. IDS shareholders are advised to take no action in relation to the Possible Offer. Ed Peel, James Robertson, Justin Anstee, and Jack Williams of BofA Securities and Mark Sorrell, Eduard van Wyk, and Owain Evans of Goldman Sachs International acted as financial advisors to IDS.

EP Corporate Group, a.s. cancelled the acquisition of remaining 72.4% stake in International Distributions Services plc (LSE:IDS) for on April 11, 2024. The transaction was cancelled because the board concluded that the offer significantly undervalues IDS and its future prospects accordingly, the Board unanimously rejected the proposal.