British security giant G4S, which guards sites including prisons, offices and Covid test-centres, has accepted a £3.8bn takeover from US rival Allied Universal, while rejecting yesterday a slightly smaller offer from Canada’s GardaWorld. G4S’ board said it was “unanimously recommending” Allied’s improved offer, worth $5.1bn or €4.2bn, after concluding that 245 pence per share was “fair and reasonable”. Shares in G4S stood at 256 pence yesterday, suggesting a higher bid could still emerge from GardaWorld, which offered £3.7bn. The suitors had pledged to improve their target’s tarnished image, with G4S having been caught up in scandals across the world over recent years. “The combination of G
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