The Leading News & Information Service For The Facilities, Workplace & Built Environment Community
British Security Group G4S has accepted a £3.8 billion takeover bid from rival Allied Universal.
G4S has previously been targeted by Canada’s GardaWorld, in what the Financial Times called “a hostile takeover campaign”. After a 235p per share final offer from GardaWorld, Allied Universal’s bid values G4S at around £3.8bn, higher than the £3.7bn offer from GardaWorld.
The board at G4S unanimously rejected GardaWorld’s offer on the basis that it “significantly undervalues the company and its prospects and is not in the best interests of shareholders or other stakeholders.”
The merger will bring together two of the largest security operators, creating predicted revenues of approximately $18bn.
Picture: a photograph of a G4S employee wearing a branded high-vis jacket, holding a security radio. Image Credit: G4S
Article written by Ella Tansley | Published 10 December 2020
Noah Price from G4S outlines how the role of security is changing and how its Connected Officer Programme is delivering service improvement, workforce engagement and the...
Read Full ArticleG4S, the private security firm, has pleaded guilty to breaching health and safety laws after a security officer was assaulted whilst working alone. The security...
Read Full ArticleG4S, the global security company, has been acquired by North American security and FM business Allied Universal. With an acquisition value of £3.8 billion, the...
Read Full ArticleA BBC investigation has found that some companies offering Level 2 SIA door supervisor qualifications are running shortened courses that are against...
Read Full ArticleEquans, a subsidiary of the Bouygues group, is to sell its UK district heating and cooling network portfolio to a consortium formed by Swiss Life Asset Managers and...
Read Full ArticleGlobal IFM provider Apelona has acquired JCW Group, a technical facilities management provider based in Royston, Cambridgeshire. The financial details of the...
Read Full ArticleSouth-west-based building maintenance firm Cardo Group has acquired Osborne Property Services Limited. The move forms part of Cardo’s strategy to build a family...
Read Full ArticleOutsourcing firm Mitie has acquired Stevenage-based engineering contractor JCA Engineering in a deal worth £31.5 million. Mitie will pay an initial cash payment...
Read Full ArticleGreat Portland Estates plc has announced the acquisition of King Sloane Properties Limited, which owns the freehold interests at 16/19 Soho Square. The estate...
Read Full ArticleArcus Facilities Management has completed its acquisition of the Trios Group, adding to its mobile engineering, technology, and project delivery service...
Read Full Article
.gif)
.png)
