This article was first published on globalgroundmedia.com / 07-01-2021
G4S has been subject to an intense takeover bid process in the last few months. It started in October with a hostile takeover bid from GardaWorld of GB£ 3 billion (about US$ 3.9 billion) for G4S, a private security firm, which was later raised to a final bid of GB£ 3.68 billion.
Allied Universal joined the bidding war with its latest offer of GB£ 3.8 billion, to which the G4S management was more susceptible. Within hours, GardaWorld said it was considering raising its bid, and their final bid turned out to not be final after all.