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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  G4S plc    GFS   GB00B01FLG62


Real-time Estimate Quote. Real-time Estimate CHI-X - 01/19 11:30:00 am
258.4 GBX   -0.35%
01/18G4S : Notification of Major Holdings
01/18FORM 8.3 - THE VANGUARD GROUP, INC. : G4S plc
01/18U.K. Gets In on Global M&A Surge
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

G4S : Canada's GardaWorld sweetens bid for rival G4S as takeover battle heats up

12/02/2020 | 02:24am EST

Dec 2 (Reuters) - Canada's GardaWorld has raised its offer for security group G4S to 3.68 billion pounds ($4.94 billion), it said on Wednesday, stepping up a hostile bid for the British company that has repeatedly rejected its advances.

GardaWorld increased its offer for G4S, one of the world's largest private security companies, to 235 pence per share from 190 pence.

G4S shares rose 7.5% to 246.1 pence in early trade, above the new offer price. The shares have risen 57% since GardaWorld made its offer for G4S public on Sept. 14.

G4S said it was currently evaluating the revised offer along with its financial and legal advisers, adding that shareholders were strongly advised to take no action.

The London-listed firm has called GardaWorld's earlier offer, which valued G4S at about 3 billion pounds, "highly opportunistic".

G4S also turned down last month what it termed a "highly conditional" offer from U.S. company Allied Universal at a price of 210 pence per share.

On Wednesday, it said it was still in talks with Allied Universal and that any firm offer from the U.S. firm would be required to be announced by Dec. 9.

GardaWorld had extended an offer deadline twice before raising its bid on Wednesday. It had received valid acceptances of a total of 2.8 million G4S shares, or 0.17%, as of Nov. 28.

The Canadian group, in which private equity group BC Partners took a majority stake last year, has been building up its business through a series of acquisitions.

With a new deadline of Dec. 16, GardaWorld said it had reduced the acceptance condition from 90% to 50% plus one G4S share.

G4S has restructured its business following a series of setbacks. It sold most of its cash-handling business in February this year for 727 million pounds to U.S. peer Brinks Co, but held on to its UK operations, which have attached pension obligations.

Employing more than 500,000 across 90 countries, G4S provides security guards for prisons and other public buildings, as well as company offices. ($1 = 0.7454 pounds) (Reporting by Yadarisa Shabong in Bengaluru; Editing by Keith Weir, Shounak Dasgupta, Kirsten Donovan)

© Reuters 2020
All news about G4S PLC
01/18G4S : Notification of Major Holdings
01/18FORM 8.3 - THE VANGUARD GROUP, INC. : G4S plc
01/18U.K. Gets In on Global M&A Surge
01/18G4S : Takeover Requires More Scrutiny, US State Officials Say
01/15FORM 8.3 - THE VANGUARD GROUP, INC. : G4S plc
01/15G4S PLC : Notification of Major Shareholding
01/15G4S : Notifiation of Major Holdings
01/14G4S : Acquisition Gets European Commission Approval
01/14G4S : Samson Rock Capital LLP - Form 8.3 - G4S PLC
01/13ALLIED UNIVERSAL OFFER : Employee Representatives' Opinion
More news
Sales 2020 6 872 M 9 356 M 9 356 M
Net income 2020 408 M 555 M 555 M
Net Debt 2020 1 495 M 2 035 M 2 035 M
P/E ratio 2020 10,0x
Yield 2020 1,29%
Capitalization 4 010 M 5 443 M 5 459 M
EV / Sales 2020 0,80x
EV / Sales 2021 0,76x
Nbr of Employees 533 000
Free-Float 97,4%
Chart G4S PLC
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G4S plc Technical Analysis Chart | GFS | GB00B01FLG62 | MarketScreener
Technical analysis trends G4S PLC
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 7
Average target price 242,57 GBX
Last Close Price 259,30 GBX
Spread / Highest target 9,14%
Spread / Average Target -6,45%
Spread / Lowest Target -29,4%
EPS Revisions
Managers and Directors
Ashley Martin Almanza Chief Executive Officer & Executive Director
John P. Connolly Non-Executive Chairman
Timothy Peter Weller Chief Financial Officer & Executive Director
Steven Lewis Mogford Senior Independent Non-Executive Director
Barbara Rose Milian Thoralfsson Independent Non-Executive Director
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