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Allied Universal G4S acquisition interest confirmed

The share price of G4S added another 5 percent after it confirmed that Allied Universal was interested in acquiring the company.

Outsourcing firm G4S now has two potential suitors in the frame. One is GardaWorld which it has urged shareholders to reject its offer of 190p per share.

Now it has responded to press speculation and noted that the US head quartered Allied is also eyeing up an acquisition:

“In response to recent press speculation, the Board of G4S plc (“G4S” or “the Company”) confirms it has received an expression of interest from Allied Universal Security Services LLC (“Allied Universal”), regarding a possible offer for the entire issued and to be issued share capital of the Company.”

The company also used the opportunity to once again tell shareholders to reject GardaWorld’s offer:

“In the meantime, as announced on 7 October 2020, shareholders are strongly advised to reject GardaWorld’s unattractive and highly opportunistic offer of 190 pence per share.”

The share price of G4S is currently at 211p.

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