34.9 F
Washington D.C.
Saturday, February 24, 2024

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.

Kylie Bielby
Kylie Bielby
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.

Related Articles

- Advertisement -

Latest Articles