G4S Surges as Canadian Rival Mulls £3 Billion Bid

Canadian security firm Garda World said it was considering a possible £3 billion offer for UK rival G4S, sending shares up 30%

David Brenchley 10 April, 2019 | 4:13PM

G4S, UK stocks, Garda World Security, takeover, G4S takeover, Brexit

Shares in security firm G4S (GFS) jumped as much as 30% on Wednesday after Canadian rival Garda World Security said it was mulling over a potential £3 billion takeover.

Troubled G4S has been at the centre of a number of controversies in the past few years, from criticism of their handling of security procedures during the London 2012 Olympics to allegations of wrongdoing in prisons and detention centres run by the firm.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
G4S PLC94.93 GBX2.85

About Author

David Brenchley

David Brenchley  is a Reporter for Morningstar.co.uk

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