Bidding War for G4S Takeover Comes to a Close

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    • Jay Bartlett
      Keymaster

      February 2021 saw a bidding war for G4S between Allied Universal and GardaWorld come to a close. Allied’s bid of GBP 3.8 bn at 245 pence per share, backed by private equity firm Warburg Pincus and Canadian pension fund Caisse de Depot et Placement du Quebec, won the auction as GardaWorld did not increase its offer of 235 pence per share. G4S’ board has supported Allied’s bid and has made a recommendation for its shareholders to vote to accept the acquisition. The merger is set to result in a private security services Goliath with worldwide reach.

      [See the full post at: Bidding War for G4S Takeover Comes to a Close]

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