GardaWorld extends G4S offer for fifth time despite deal elsewhere January 27, 2021 Canadian firm GardaWorld has extended its takeover bid for G4S, even as the British company has already accepted US-based Allied Universal’s takeover offer. Yesterday Allied Universal extended the time for G4S shareholders to accept the deal, which has been agreed upon by the two companies, to 9 February. G4S said GardaWorld’s announcement does not change [...]
GardaWorld not ready to back down on G4S pursuit December 9, 2020 GardaWorld is not ready to stop its pursuit of security firm G4S, despite G4S agreeing to sell its business to Allied Universal last night. GardaWorld has given itself the option of increasing its bid for G4S following the £3.8bn deal with Allied Universal struck yesterday. GardaWorld had previously said its latest offer for G4S was [...]
G4S agrees to Allied Universal sale in £3.8bn deal December 8, 2020 Security group G4S has agreed to sell its business to US-based Allied Universal, in a deal that will value the company at £3.8bn. Under the terms of the offer G4S shareholders will be entitled to receive 245 pence in cash for each G4S share. The G4S directors consider the deal fair, and intend to unanimously [...]
G4S board calls for no shareholder action as Gardaworld extends offer until 16 December November 30, 2020 Gardaworld has pushed back the deadline for its 190p per share offer to buy outsourcer G4S by a month, it confirmed this morning. Shareholders in the FTSE 250 company will now have until 16 December to accept the offer, which was first made on 17 October. Responding to the announcement, G4S released a statement reiterating [...]
G4S shareholders told to reject GardaWorld bid as it resumes dividend pay November 25, 2020 Security firm G4S shareholders have been urged to ignore the latest “wholly inadequate” offer from rival firm GardaWorld, which has been circling G4S for months and made multiple offers for the business. In a letter to shareholders John Connolly, chairman of the board of directors at the firm, urged recipients to reject GardaWorld’s “wholly inadequate [...]
G4S seeks to calm investors as rivals circle outsourcer November 16, 2020 Takeover target G4S today said that its retail cash solutions (RCS) business could pull in $600m a year in revenue by 2025 as it sought to bolster the case for investors to ignore circling competitors. The FTSE 250 outsourcer has been the subject of a months-long pursuit by Canadian security firm Gardaworld, which has made [...]
G4S and Gardaworld trade blows as takeover spat continues November 12, 2020 G4S and Gardaworld have exchanged fresh blows as a long-running spat over a potential hostile takeover of the British security firm drags on. This morning the Canadian firm, which has been trying to engineer the purchase of G4S for months, said that North American regulators had cleared the way for the merger to go ahead. [...]
G4S fends off Allied Universal takeover as prospect of bidding war hots up November 3, 2020 A new contender has entered the fray in the attempt to take over outsourcing firm G4S, it was revealed this morning. The FTSE 250 firm said that it had rejected a 210p per share offer to buyout the company from American firm Allied Universal. Shares in the company rose 3.9 per cent to 212.7p. The [...]
G4S slams ‘desperate’ Gardaworld takeover bid October 29, 2020 The chairman of G4S has said that rival firm Gardaworld, which is trying to engineer a takeover of the FTSE 250 group, “desperately needs” the bigger company to “realise its ambitions”. In a letter released to the market this morning, John Connolly called for shareholders to reject a 190p per share offer for the G4S, [...]
G4S rebuffs Gardaworld’s takeover offer as it “significantly undervalues” company October 19, 2020 G4S (GFS) has dismissed Gardaworld’s hostile takeover bid, after the outsourcing giant claimed its 190p per share offer “significantly undervalues the company and its prospects”. In a filing to the London Stock Exchange, G4S said its board had unanimously rejected Canadian rival Gardaworld’s offer because it was “not in the best interests of shareholders or [...]