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G4S plc: GardaWorld Cash Offer for G4S plc at 235p is its final offer and statement from the UK Takeover Panel globenewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globenewswire.com Daily Mail and Mail on Sunday newspapers.
Last modified on Mon 22 Feb 2021 15.40 EST
Security outsourcing firm G4S looks set to be taken over by Allied Universal Security Services, after rival Canadian suitor GardaWorld said it would not be increasing its existing bid to trump the US firmâs £3.8bn offer.
G4S, which operates services including running four British prisons and managing 21 UK Covid-19 test centres, saw its stock jump as the long-running bidding war between GardaWorld and Allied Universal intensified.
However, on Monday GardaWorld said that it would not be increasing its 235p-a-share offer, which valued G4S at £3.68bn (£2.61bn), bringing to an end the auction process called by the UK Takeover Panel.