Deals
U.K. Security Giant G4S Faces Possible Bid From Canada's Garda
- Interest could lead to cash offer for all or part of business
- British group’s shares up the most since its formation in 2004
The G4S headquarters in Crawley, U.K.
Photographer: Chris RatcliffeThis article is for subscribers only.
Canadian security company Garda World said it’s considering an offer for G4S Plc, the world’s biggest guarding firm with more than half a million staff, sending shares of the U.K. business up the most ever.
The preliminary deliberations could lead to a cash bid for all or part of G4S, closely held Garda World said in a statement Wednesday, adding that a further announcement will be made if appropriate. G4S said it noted the unsolicited interest while advising shareholders that there can be no certainty of an offer.