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G4S recommends vote for Allied’s final offer Allied offer open for acceptance until March 16 Says acceptance level lowered to 75% from 90%
Feb 23 (Reuters) - British private security group G4S on Tuesday urged shareholders to accept Allied Universal’s 3.8 billion pound ($5.4 billion) final offer after the end of the U.S. bidder’s drawn-out takeover battle with Canada’s GardaWorld.
Hostile bidder GardaWorld had called a halt to the contest on Monday by telling the UK’s Takeover Panel it would not increase its December bid of 235 pence per share for the world’s largest private security company.
Allied on Tuesday said it would not increase the 245 pence per share offer it announced on Dec. 8, making it the final bid.
British private security group G4S on Tuesday urged shareholders to accept Allied Universal’s 3.8 billion pound ($5.4 billion) final offer after the end of the…
G4S urges shareholders to accept Allied Universal s $5 4-billion deal as bid battle ends theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.