Less Ads, More Data, More Tools Register for FREE

Pin to quick picksGFS.L Share News (GFS)

  • There is currently no data for GFS

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

GardaWorld extends G4S offer deadline

Mon, 08th Mar 2021 09:44

(Sharecast News) - Canada's GardaWorld has extended the deadline for shareholders to accept its £3.68bn offer for G4S.
The offer will now remain open for acceptance until 1300 GMT on 16 March, the same deadline for a competing bid from Allied Universal. The original deadline was today.

G4S has rejected GardaWorld's 235p per share offer in favour of a competing bid from America's Allied Universal.

The security outsourcing specialist said on Monday: "The board unanimously recommends that shareholders accept the superior final offer from Allied Universal of 245p per share, and in order to ensure the successful closing of the Allied Universal offer, urges G4S shareholders to accept immediately."

The offer from Allied Universal, made in December, values G4S at £3.8bn. The London-listed firm has previously said it believes there is "no better" owner for it than Allied Universal.

G4S said on Monday that GardaWorld - which has declined to match Allied Universal's higher offer - had received 0.06% of acceptances as at 1300 GMT on 6 March, and held around 1.55% of the issued share capital.

G4S employs around 530,000 people across 85 countries and runs four British prisons, as well as providing security for private clients, including the new Hinckley Point C nuclear Power station. It is also currently managing a number of Covid-19 test centres across the UK.

As at 1100 GMT, shares in G4S were largely flat at 241.97p.
More News
30 Aug 2019 15:16

G4S Names Former BT HR Director Clare Chapman As Non-Executive

(Alliance News) - FTSE 100-listed security firm G4S PLC on Friday said it has appointed Clare Chapman as a non-executive director, effective September 23.Chapman will chair the remuneration

Read more
27 Aug 2019 10:28

WINNERS & LOSERS SUMMARY: Carpetright Up After Shareholder Helps Out

(Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Tuesday.----------FTSE 100 - LOSERS----------Ferguson,

Read more
27 Aug 2019 09:27

BROKER RATINGS SUMMARY: Ferguson Suffers Cut But RBC Likes G4S

(Alliance News) - The following London-listed shares received analyst recommendations on Tuesday morning and late on Friday:----------FTSE 100----------BOFA CUTS TO RIO

Read more
27 Aug 2019 08:18

LONDON BRIEFING: Trump Tells China "Let's Get Back To The Table"

(Alliance News) - London reopened on Tuesday after a long holiday weekend but failed to join markets in the US and Japan in rallying on softer comments about China by US President Donald said that

Read more
9 Aug 2019 16:58

LONDON MARKET CLOSE: Mixed End Amid Weak UK Data, Trade Tension Angst

(Alliance News) - Stock prices in London closed generally lower on Friday following the release of weaker-than-forecast economic growth figures and renewed focus on tensions between the US and The

Read more
9 Aug 2019 12:23

LONDON MARKET MIDDAY: Mixed Indexes As Weak Data Crimps Upbeat WPP

(Alliance News) - Stock prices in London were mixed midday Friday following weaker-than-forecast economic growth figures, despite WPP leading a number of blue chip and mid caps on

Read more
9 Aug 2019 10:52

WINNERS & LOSERS SUMMARY: WPP Shares Surge As It Beats Forecasts

(Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Friday.----------FTSE 100 - WINNERS----------WPP, up a

Read more
9 Aug 2019 09:11

LONDON MARKET OPEN: WPP Unable To Push FTSE 100 In Green Ahead Of Data

(Alliance News) - London stocks were lacking direction early Friday as a cautious investor mood ahead of key UK economic data was offset by some positive company news.At 0930 BST, the UK releases

Read more
9 Aug 2019 08:42

TOP NEWS: G4S Firms Up Plan To Demerge Cash Handling Business In 2020

(Alliance News) - G4S PLC on Friday said it will separate its cash management division in the first half of 2020 as part of a previously announced business review.The company, which also a

Read more
2 Aug 2019 16:03

UK Earnings, Trading Statements Calendar - Next 7 Days

Monday 5 August DialightHalf Year ResultsHSBC HoldingsHalf Year Results

Read more
17 May 2019 13:35

Friday broker round-up

(Sharecast News) - Thomas Cook: Citigroup downgrades to sell with a target price of 28p.

Read more
14 May 2019 17:03

LONDON MARKET CLOSE: Stocks Bounce As US-China Trade Deal Hopes Endure

LONDON (Alliance News) - London stocks finished firmly in the green on Tuesday, rebounding from the previous session's losses as investors clung onto hopes that a trade deal between the US and

Read more
14 May 2019 10:39

WINNERS & LOSERS SUMMARY: Greggs Shares Ride Vegan Bandwagon To Record

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Tuesday.----------FTSE 100 - up 3.0%. The Irish distribution group upped

Read more
9 May 2019 16:08

UK Shareholder Meetings Calendar - Next 7 Days

Friday 10 MayRightmoveBBA AviationFBD HoldingsRSA Insurance Advanced & Copthorne

Read more
7 May 2019 16:54

LONDON MARKET CLOSE: Stocks Suffer As US-China Trade Tension Escalates

LONDON (Alliance News) - Stock prices in London closed lower on Tuesday as investors returned from the long Bank Holiday weekend to the prospect of rising trade tensions between the US and China a

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.