GardaWorld considering offer for some or all of G4S
According to Reuters, GardaWorld Security said on Wednesday it was considering a cash offer for some or all of G4S.
The news service says a statement from G4S came after London’s Evening Standard newspaper reported market talk of a potential bid.
The statement, as reported by Reuters, says “GardaWorld notes the recent market speculation in relation to G4S and confirms that it is in the preliminary stages of considering an approach to the board of G4S regarding a possible cash offer for the company, or a part thereof.”
Reuters also reports G4S reiterated that it had received interest from potential bidders for its cash business, which includes Cash 360 machines operated by retailers and a cash transportation business.
This is a developing story.