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G4S set for £3 8bn takeover by Allied Universal Security Services | G4S

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 firm’s £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.

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