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Saturday, January 28, 2023

G4S Rejects GardaWorld’s Purchase Bid

Britain’s G4S has rejected a 2.95 billion pound ($3.8 billion) offer from Canadian security firm GardaWorld, saying it was “highly opportunistic”.

GardaWorld said that it had encouraged G4S shareholders to “mandate their board’s engagement” after its attempts to engage directly were “summarily dismissed or ignored on three occasions”.

GardaWorld last year considered a cash offer for some or all of G4S, but by May had opted not pursue a deal. Two months later private equity BC Partners bought a majority stake in the Canadian firm.

Read more at Reuters

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The Government Technology & Services Coalition's Homeland Security Today (HSToday) is the premier news and information resource for the homeland security community, dedicated to elevating the discussions and insights that can support a safe and secure nation. A non-profit magazine and media platform, HSToday provides readers with the whole story, placing facts and comments in context to inform debate and drive realistic solutions to some of the nation’s most vexing security challenges.

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