Canadian security firm GardaWorld raises G4S takeover offer to £3.7bn
by Press Association from World news | The Guardian on (#5B4YJ)
Investors have two weeks to decide whether to accept final offer of 235p a share in cash
A Canadian security firm has increased its takeover offer for the UK outsourcing group G4S to 3.68bn in a final bid for its larger rival.
GardaWorld said it would pay 235p a share in cash, up 24% from its previous 190p-a-share offer, which would value G4S at 3bn. The Canadian firm has also reached a deal with G4S pension trustees on a 770m funding package for the pension scheme.
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