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Allied Universal to buy G4S after shareholders give final nod

Published 2021-03-16, 12:25 p/m
© Reuters.

March 16 (Reuters) - U.S. private security firm Allied Universal said on Tuesday around 79% of G4S (CSE:G4S) shareholders had accepted its bid to buy the British rival for 3.8 billion pounds ($5.28 billion), ending a drawn-out takeover battle with Canada's GardaWorld.

Shareholders accepted Allied Universal higher offer of 245 pence per share over GardaWorld's 235 pence apiece bid. Allied had brought down its offer acceptance level to 50% plus one G4S share. ($1 = 0.7198 pounds)

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