Join our community of smart investors

G4S rejects £3bn hostile takeover bid from Canadian rival

The group has dismissed what it sees as a “highly opportunistic” 190p per share all cash offer
October 1, 2020

Canadian security services business GardaWorld has made a formal takeover offer for rival G4S (GFS) at 190p a share. Valuing the company at close to £3bn, the proposal is a 30 per cent premium to G4S’ closing price on 11 September, the day before GardaWorld first went public with its intentions.

IC TIP: Hold at 200p
This is subscriber only content
Start your trial to keep reading
PRINT AND DIGITAL trial

Get 12 weeks for £12
  • Essential access to the website and app
  • Magazine delivered every week
  • Investment ideas, tools and analysis
Have an account? Sign in