Dec 9, 2020
GardaWorld is considering re-entering battle for G4S
Security group GardaWorld is weighing a higher offer for UK-listed G4S even after Allied Universal said it had agreed to buy the world's biggest provider of guards for £3.8bn. Another bid from GardaWorld would be the latest twist in one of the most aggressive and acrimonious bid battles in the UK this year. The cash offer from US-based Allied, which has been accepted by the G4S board, is worth 245p a share, higher than the 235p-a-share bid tabled by GardaWorld last week. A tie-up between Allied and G4S would create a global security competitor employing 750,000 people with combined revenues of £13.5bn in 80 countries. Both Allied and GardaWorld are owned by private equity firms, with US-based Warburg Pincus controlling Allied and UK-based BC Partners controlling GardaWorld. The battle for G4S has been closely watched by governments worldwide as the group provides everything from the management of prisons to security for 40 US embassies and the Pentagon.
Related companies
Make a complaint about G4S by viewing their customer service contacts.
