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23 Feb, 2021 07:58

Allied Universal declares £3.8bn bid for G4S final

Allied Universal said its offer for rival G4S had become final after Canada’s GardaWorld on Monday declared it would not raise its own bid for the UK security firm.

The US firm said its recommended cash offer of 245p a share valued G4S at approximately £3.8bn.

Allied added that it was waiving down the acceptance condition to 75% from 90% “providing significantly increased deal certainty for G4S shareholders”.

It added that it has obtained “substantially all of the required antitrust and regulatory approvals and foreign direct investment clearances in applicable jurisdictions”.


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Pilling and Co Stockbrokers Ltd. is not responsible for the content or accuracy of third party news articles and we may not share the views of the author or publisher.

We provide third party news for your convenience and information only and make no representation or endorsement whatsoever and hereby exclude all liability for any loss or damage that may be incurred by you as a result of your access or use. Please note that third party content may be subject to terms and conditions imposed by the third party owner of that content.