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Canadian security firm GardaWorld raises G4S takeover offer to £3.7bn

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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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