Canadian suitor GardaWorld refuses to match American rival’s bid for UK security outsourcing firm
Security outsourcing firm G4S looks set to be taken over by Allied Universal Security Services, after rival Canadian suitor GardaWorld said it would not be increasing its existing bid to trump the US firm’s £3.8bn offer.
G4S, which operates services including running four British prisons and managing 21 UK Covid-19 test centres, saw its stock jump as the long-running bidding war between GardaWorld and Allied Universal intensified.
