GardaWorld sweetens takeover bid for Britain’s G4S: Reuters

Montreal-based GardaWorld has sweetened its takeover offer for G4S to 3.68 billion pounds (US$4.94 billion), stepping up a hostile bid for the British company that has repeatedly rejected its advances, Reuters reported.

Montreal-based GardaWorld has sweetened its takeover offer for G4S to 3.68 billion pounds (US$4.94 billion), stepping up a hostile bid for the British company that has repeatedly rejected its advances, Reuters reported. G4S said it was evaluating the revised offer along with its advisers, adding that shareholders were strongly advised to take no action. GardaWorld, a security and cash services provider, is backed by BC Partners.

Source: Reuters