Leading Security Guard Companies Looking To Buy Each Other

G4S logo

UK’s G4S, U.S.’s Allied Universal, and Canada’s GardaWorld are all in negotiations to buy one another. In the estimated US$244-billion global human security guard market, Allied Universal’s approximate US$4-billion acquisition of G4S is being rejected as “inadequate.”

Allied Universal on Oct. 28 tabled a “highly conditional indicative offer” of at least 210 pence per share, subject to due diligence, G4S said in a statement Tuesday. The board rejected the proposal on the grounds it “significantly undervalues G4S and its prospects,” it added, confirming an earlier Bloomberg News report.