Posts tagged: GardaWorld

Merger Monday is back... - Part 3

Monday, 14 September 2020, 1:37 pm

Just after I hit the publish button Canadian security firm GardaWorld launched a "bear hug" for ailing G4S. It really is Merger Monday!

Anyway, GardaWorld and its private equity backer BC Partners is offering 190p a share for G4S after having several approaches rebuffed.

Now, I call this a "bear hug" because private equity firms don't typically carry out real "hostile" bids because they need to do due diligence to get access to funding/debt/leverage...