NEW YORK ( TheStreet) -- A couple of months ago the UK government announced its intention to privatize the Royal Mail through a public stock offering as soon as April 2014. Spearheaded by Business Secretary Vince Cable however the timeline for a stock flotation has accelerated and could be as soon as the middle of next month. A formal announcement today would be the kick-off to starting the process.As noted when this story first broke this is a very controversial step if it actually happens. Under former Prime Minister Margaret Thatcher there were numerous such privatizations of national assets but she felt the Royal Mail should not be privatized.
Royal Mail Accelerates Privatization Timeline
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts