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...The failed prosecution of G4S comes after the company agreed a deferred prosecution agreement with the SFO....
...In March, the SFO abandoned a criminal prosecution of three former executives at G4S, the security company, who had been accused of defrauding the government over a prisoner-tagging contract, because of...
...Even the antiquated disclosure rules which contributed to the collapse of several high-profile SFO trials, including most recently the case against G4S, will be reviewed....
...The anti-graft agency is under pressure to finish disclosing documents for the G4S case in time for a trial in January....
...Public sector contracts are particularly exposed, as indicated by the mauling G4S got over Olympic security. Irwin should acquire his own shaggy cattle picture as a talisman....
...The SFO’s G4S case is one of two big prisoner-tagging investigations, after its probe into Serco collapsed this year....
...G4S, the world’s largest security firm, withdrew its bid to run two immigration centres near Gatwick airport after a 2017 Panorama documentary showed staff abusing detainees at the facilities....
...It pointed to recent private equity deals for G4S, Aggreko, Equiniti, Sanne and Clipper Logistics, and suggested IWG, Serco and Essentra as future potential takeout targets....
...Shares of G4S closed up 0.7 per cent at 244.5p....
...The G4S lawsuit was issued by 43 investors in July 2019 but after that date new claimants were added unbeknown to G4S and the numbers eventually reached 93....
...US-based Allied Universal and Canada’s GardaWorld will submit sealed bids for G4S over five days from February 22, the Takeover Panel announced....
...People in the G4S camp deny that claim, saying both bidders were given the same access to data....
...Shares in FTSE 250-listed G4S fell 10 per cent to 242p on Monday morning....
...But G4S shareholders are yet to approve the deal and appear to be waiting for a higher offer from BC Partners-backed GardaWorld. Shares in G4S closed at 260p on Friday....
...GardaWorld offered to buy G4S for 235p a share in cash, up from 190p previously....
...But a final cash offer from the former worth £3.7bn is difficult for G4S to ignore. Shareholders should welcome an escape route. GardaWorld’s new offer of 235p per share values G4S at £3.7bn....
...But GardaWorld, a Montreal-based group that has been pursuing a hostile takeover campaign for G4S, can still make another offer for G4S in an attempt to win over shareholders, who have said they are open...
...Shares in G4S, which closed at 230p on Tuesday, jumped 7.6 per cent to 246p in early trading on Wednesday....
...“The combination of G4S and Allied Universal creates the global leader in security,” G4S chief executive Ashley Almanza said....
...CDPQ said it was “surprised” by the comments as GardaWorld had approached it to help fund its bid for G4S in the summer....
...“The board of G4S believes that RCS represents exceptional unrecognised value within G4S....
...“G4S, as the market leader, is a unique asset which should be appealing to potential bidders.”...
...Carillion collapsed in 2018, Interserve is being broken up, while G4S has been taken over by private equity....
...G4S declined to comment and Allied was unavailable....
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