(G4S)

G4S Finally Agrees to Allied Universal Takeover

British security firm G4S has agreed to a new takeover offer from its U.S. rival Allied Universal Security Services, which has valued the company at £3.8bn.

G4S previously said Allied Universal had significantly undervalued the company. And in September, G4S rejected a 2.95 billion pound ($3.8 billion) offer from Canadian security firm GardaWorld, saying it was “highly opportunistic”.

A bidding war ensued which saw the U.K. firm’s stock increase. Most recently, it was reported that GardaWorld had raised its bid to £3.68bn.

Allied Universal has more than 250,000 employees worldwide serving clients across North America and in the U.K. G4S is active in around 80 countries and has around 533,000 employees.

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Kylie Bielby has more than 20 years' experience in reporting and editing a wide range of security topics, covering geopolitical and policy analysis to international and country-specific trends and events. Before joining GTSC's Homeland Security Today staff, she was an editor and contributor for Jane's, and a columnist and managing editor for security and counter-terror publications.

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