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GardaWorld Announces a Firm Cash Offer for G4S plc

Sep 30, 2020
MONTRÉAL, Sept. 30, 2020 /CNW Telbec/ - Garda World Security Corporation (the "Company" or "GardaWorld"),  announces today the terms of a cash offer pursuant to which its wholly-owned subsidiary, Fleming Capital Securities, Inc., shall offer to acquire the entire issued and to be issued share capital of G4S plc ("G4S") at a price of 190 pence per G4S share (the "Offer"). The Offer will be subject to the conditions and further terms to be set out in the document to be dispatched to G4S' shareholders. The Offer values the entire issued and to be issued ordinary share capital of G4S at approximately £2.97 billion.
 
The conditions of the Offer include the receipt of various approvals including the receipt of EU Antitrust Clearance and US Antitrust Clearance.
 
G4S is a leading global security company, specializing in the provision of security services and solutions to customers. G4S is listed on the London Stock Exchange and has a secondary stock exchange listing in Copenhagen. G4S is active in approximately 85 countries and has over 533,000 employees.
 
A formal announcement (the "Announcement") has been published in accordance with Rule 2.7 of the UK City Code on Takeovers and Mergers and will be accessible on the Company's website at www.garda.com/investors/g4s. This news release should be read in conjunction with, and is subject to, the full text of the Announcement (including its appendices). The Offer will be subject to the conditions and certain further terms set out in the Announcement and to the full terms and conditions to be set out in the Offer document. 
 
About GardaWorld
 
GardaWorld is the largest privately-owned security services and cash services company in the world, offering physical security services, end-to-end cash management solutions and security risk management, through Crisis24. A partner of choice for private companies, governments, humanitarian organisations and multinationals, GardaWorld employs more than 102,000 highly skilled, dedicated professionals who serve a diverse clientele in the UK, North America, Africa, Asia and the Middle East. For more information please visit www.garda.com
 
GardaWorld Contact
 
Montfort Communications, +44 (0)20 3514 0897; Nick Miles, +44 (0)7739 701634; Olly Scott, +44 (0)78 1234 5205; GardaWorld Communications, media@garda.com
 

Source: https://www.garda.com/press-release/gardaworld-announces-a-firm-cash-offer-for-g4s-plc

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