Canada's Garda World Security said on Wednesday it was considering a cash o...
LONDON - Canada’s Garda World Security said on Wednesday it was considering a cash offer for some or all of G4S, sending shares in the world’s largest listed security company up almost a third for their biggest daily gain in a decade.
An offer could mark a change of fortune for G4S, which is struggling to recover from a string of scandals, notably a failure in 2012 to provide enough guards for the London Olympic Games. G4S, which has more than 500,000 employees across 90 countries, declined to comment on the report and could not immediately be reached for comment on Garda World’s statement.
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