Business & Investment

G4S negotiates direct acquisition auction

© Reuters.File Photo: File Photo of a G4S Security Van Parked Outside Loughborough Bank

(Reuters)-UK Security Group G4S (CSE :) will hold a meeting with the city’s acquisition panel, reported on Saturday. This could lead to a direct auction between North American peers GardaWorld and Allied Universal over the company’s acquisition.

Canada World and U.S.-based Allied last month extended the buyout offer period for G4S shareholders to accept individual offers, even if the UK company’s board had already accepted the bid to buy Allied. ..

GardaWorld was in talks to raise more money to undermine the final bid of 235 pence per share of G4S, Telegraph said at 2021/02/06 / g4s-talks-head-reported a direct takeover auction, citing city sources. The Allied offer is 10 pence higher.

However, the Telegraph reported that with G4S shares closing at 261.1 pence on Friday on the London Stock Exchange, the city hopes GardaWorld will return far beyond the Allied offer. ..

G4S restructured after a series of setbacks, and when GardaWorld unveiled its G4S offer on September 14, a bidding war between US and Canadian companies began.

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G4S negotiates direct acquisition auction–the-telegraph-2411381 G4S negotiates direct acquisition auction

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