Posted on Dec 21, 2020
G4S agrees to 3.8bn takeover by US rival Allied Universal
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Security firm G4S has agreed to a sweetened takeover offer from its US rival Allied Universal Security Services, which values the British company at £3.8bn.
Under the terms of the cash offer, G4S shareholders would receive 245p a share. This is an improvement on the 210p a share previously offered by Allied Universal, which G4S said significantly undervalued the company.
G4S, which operates services including running four British prisons and managing 21 UK Covid-19 test centres, has been heavily criticised following a series of scandals about its work on UK government contracts.
Allied Universal said its offer included a significant premium on G4S’s share price at the beginning of the offer period in September.
Under the terms of the cash offer, G4S shareholders would receive 245p a share. This is an improvement on the 210p a share previously offered by Allied Universal, which G4S said significantly undervalued the company.
G4S, which operates services including running four British prisons and managing 21 UK Covid-19 test centres, has been heavily criticised following a series of scandals about its work on UK government contracts.
Allied Universal said its offer included a significant premium on G4S’s share price at the beginning of the offer period in September.
G4S agrees to 3.8bn takeover by US rival Allied Universal
Posted from theguardian.com
Allied Universal
Security
Edited 4 y ago
Posted 4 y ago
Responses: 3
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Wow nobody talks about this, PO1 William "Chip" Nagel thanks for the read/share of the most informative my friend.
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I've had the honor of working for both companies. Unfortunately, I ended up quitting both jobs. I've dealt with "toxic leadership" within both companies.
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