GardaWorld mulls options as G4S backs Allied bid: Reuters

GardaWorld has given itself the option to increase its bid for G4S after the British security company agreed to a US$5.10 billion takeover with a rival, Reuters reported.

GardaWorld has given itself the option to increase its bid for G4S after the British security company agreed to a 3.8 billion pound (US$5.10 billion) takeover with a rival, Reuters reported. G4S this week agreed to a takeover by Allied Universal, picking the US business over GardaWorld after a two-month long bidding war. Montreal-based GardaWorld, a security and cash services provider, is backed by BC Partners.

Source: Reuters