G4S urges shareholders to accept Allied deal as bid battle ends
By Yadarisa Shabong
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By Yadarisa Shabong
Allied Universal won a months-long takeover battle for Britain's G4S, the world's largest private security firm, on Monday after going head-to-head in an auction with Canadian rival GardaWorld.
Allied Universal emerges as the higher bidder for Britain’s G4S after Montreal-based GardaWorld said it wouldn’t increase its existing $6.5-billion bid
Rare auction ends months-long battle for the security specialist
The $5 billion-plus bid battle for British security firm G4S will be settled by a rare head-to-head auction later this month if one of its two North American suitors hasn't prevailed by then, Britain's takeover regulator said on Friday.