Roundtable Discussion; The Future of Mineral Sands. Watch the video here.

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
3 Dec 2020 11:56

RBC downgrades G4S, calls GardaWorld bid 'fair'

(Sharecast News) - RBC Capital Markets has called GardaWorld's latest £3.7bn offer for G4S fair, as it downgraded its rating on the outsourcing giant.

Read more
3 Dec 2020 09:34

UK BROKER RATINGS SUMMARY: Bernstein Boosts Shell To Outperform

UK BROKER RATINGS SUMMARY: Bernstein Boosts Shell To Outperform

Read more
3 Dec 2020 08:08

LONDON BRIEFING: Sainsbury's To Favour Dividends Over Debt Reduction

LONDON BRIEFING: Sainsbury's To Favour Dividends Over Debt Reduction

Read more
2 Dec 2020 11:53

LONDON MARKET MIDDAY: FTSE 100 Rises As Pound Slips On No-Deal Jitters

LONDON MARKET MIDDAY: FTSE 100 Rises As Pound Slips On No-Deal Jitters

Read more
2 Dec 2020 10:48

UK WINNERS & LOSERS SUMMARY: Concepta Rises On Covid-19 Test Kit

UK WINNERS & LOSERS SUMMARY: Concepta Rises On Covid-19 Test Kit

Read more
2 Dec 2020 08:53

TOP NEWS: GardaWorld Bumps Up Takeover Bid For G4S To GBP3.7 Billion

TOP NEWS: GardaWorld Bumps Up Takeover Bid For G4S To GBP3.7 Billion

Read more
2 Dec 2020 08:44

LONDON MARKET OPEN: UK Vaccine Approval Fails To Boost FTSE 100

LONDON MARKET OPEN: UK Vaccine Approval Fails To Boost FTSE 100

Read more
2 Dec 2020 07:51

LONDON MARKET PRE-OPEN: UK Gives Pfizer Jab Thumbs Up; G4S Bid Raised

LONDON MARKET PRE-OPEN: UK Gives Pfizer Jab Thumbs Up; G4S Bid Raised

Read more
2 Dec 2020 07:24

UPDATE 3-Canada's GardaWorld sweetens bid for rival G4S as takeover battle heats up

(Adds G4S response)By Yadarisa ShabongDec 2 (Reuters) - Canada's GardaWorld has raised its offer for security group G4S to 3.68 billion pounds ($4.94 billion), it said on Wednesday, stepping up a hostile bid for the British company that has repeat...

Read more
2 Dec 2020 07:24

UPDATE 2-Canada's GardaWorld sweetens bid for rival G4S as takeover battle heats up

(Adds shares, background)By Yadarisa ShabongDec 2 (Reuters) - Canada's GardaWorld has raised its offer for security group G4S to 3.68 billion pounds ($4.94 billion), it said on Wednesday, stepping up a hostile bid for the British company that has ...

Read more
2 Dec 2020 07:01

GardaWorld lifts G4S offer to 235p a share

(Sharecast News) - GardaWorld on Wednesday lifted its offer for UK outsourcing contractor G4s to 235p a share, valuing the company at £3.68bn.

Read more
30 Nov 2020 09:56

GardaWorld Extends Takeover Offer For G4S To Mid-December

GardaWorld Extends Takeover Offer For G4S To Mid-December

Read more
30 Nov 2020 07:58

GardaWorld extends 'full and fair' offer for G4S

(Sharecast News) - GardaWorld has extended its hostile £2.9bn offer for G4S to mid-December and indicated it would not be pressured into raising its bid.

Read more
26 Nov 2020 11:34

G4S Plans To Resume Payouts In 2021 As It Fends Off Takeover Interest

G4S Plans To Resume Payouts In 2021 As It Fends Off Takeover Interest

Read more
25 Nov 2020 15:52

G4S discloses information to GardaWorld in bid battle

(Sharecast News) - G4S has agreed to provide its hostile suitor GardaWorld with details about the company after revealing the information to another unidentified potential bidder.

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.