GardaWorld makes £3bn hostile bid for G4S as transatlantic buyers swoop

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By Mike Turner
15 Sep 2020

GardaWorld, the Canadian security service company, has made a hostile £3bn offer for larger UK rival G4S, marking the second major bid for a UK company from a North American firm in less than a week.

Bank of America, Barclays and UBS have agreed to underwrite debt financing for the acquisition, while additional equity will be contributed by BC Partners, the private equity firm which holds a 51% stake in the Canadian company.

GardaWorld has offered £1.90 for every G4S share, which the company says ...

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