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G4S

  • G4S shareholders accept £3.8bn Allied Universal offer

    G4S shareholders accept £3.8bn Allied Universal offer

    G4S shareholders have accepted a £3.8bn bid from Allied Universal, bringing to a close a months-long battle between two firms to take control of the FTSE 250 company. Allied Universal said it had received valid acceptances representing roughly 79 per cent of the G4S share capital. The threshold was 50 per cent plus one G4S share. “My team and [...]

  • G4S backs auction winner Allied Universal in £3.8bn takeover bid, as Gardaworld bows out

    G4S backs auction winner Allied Universal bid, as Gardaworld bows out

    Private security and outsourcing firm G4S this morning recommended shareholders to vote for Allied Universal's final offer valuing it at £3.8bn, a day after a rare auction battle with Canada's GardaWorld.

  • GardaWorld refuses to raise G4S offer ahead of auction showdown

    Canadian firm GardaWorld will not raise its final offer to acquire G4S, leaving the field clear for Allied Universal to triumph in the bidding war. Ahead of a five-day Takeover Panel auction this week, GardaWorld has announced that it will not boost its proposal of 235p per share. Stephan Crétier, founder, chairman, president, and CEO [...]

  • Takeover Panel steps in to resolve £4bn G4S bidding war

    February 12, 2021

    The Takeover Panel has today announced it will step in to resolve a long-running bidding war for security services firm G4S. For months two North American firms have locked horns over the FTSE 250 company, but no deal has yet been agreed. US giant Allied Universal is currently in the driver’s seat, as its 245p [...]

  • In-demand G4S hails ‘strong’ last quarter as takeover deadlines loom

    February 9, 2021

    Security firm G4S this morning hailed a “strong” fourth quarter as the bidding war for the outsourcer approached its conclusion. The FTSE 250 firm said that it had achieved an “exceptional commercial performance” in the final period, with new and retained contracts worth £5.5bn. In a trading update, G4S said its cash flow benefited from Covid-19 payroll [...]

  • 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 [...]

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