Allied bid wins G4S auction after long battle with GardaWorld ...Middle East

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Allied bid wins G4S auction after long battle with GardaWorld
source : Devdiscourse ( Middle East ) () 16
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. Shares in G4S, which had gained 80% since GardaWorld made its offer public in September, were down nearly 10% to 242.6 pence after Britain's Takeover Panel said the auction had concluded with Allied's final bid of 245 pence per share, compared with Gardaworld's 235 pence.

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