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IDS (Royal Mail & GLS Parent) (IDSLN; NR/BBB Neg/NR) Headlines

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"UK GOVERNMENT HAS CALLED IN ROYAL MAIL TAKEOVER BID FOR CLOSER SCRUTINY UNDER THE TERMS OF THE NATIONAL SECURITY AND INVESTMENT ACT - BBC"

Equities have been drifting higher, we see it pricing ~82% chance of Daniel K getting approval and loading £2.3b in debt onto the BS.

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"UK GOVERNMENT HAS CALLED IN ROYAL MAIL TAKEOVER BID FOR CLOSER SCRUTINY UNDER THE TERMS OF THE NATIONAL SECURITY AND INVESTMENT ACT - BBC"

Equities have been drifting higher, we see it pricing ~82% chance of Daniel K getting approval and loading £2.3b in debt onto the BS.