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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  G4S plc    GFS   GB00B01FLG62

G4S PLC

(GFS)
  Report
Real-time Estimate Quote. Real-time Estimate CHI-X - 10/28 05:10:08 am
207.05 GBX   -0.07%
03:00aGOLDMAN SACHS & CO. LLC : Form 8 Opening Position Disclosure
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10/23INVESCO LTD. : Form 8.3 - G4S PLC
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10/19GLOBAL MARKETS LIVE: ConocoPhillips, IBM, American Airlines…
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G4S : urges shareholders to reject GardaWorld offer

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10/18/2020 | 07:39am EDT

LONDON, Oct 18 (Reuters) - British security company G4S on Sunday recommended its investors reject the hostile takeover offer sent to shareholders by Canadian rival GardaWorld the previous day.

The offer document details a cash bid at 190 pence per share, unchanged from when GardaWorld announced its intentions on Sept. 14, prompting repeated rejections by G4S, one of the world's largest private security companies.

"The board recommends that shareholders reject the offer and take absolutely no action," G4S said in a statement.

G4S, which restructured its business after a series of setbacks in recent years, says the bid from its smaller rival significantly undervalues the company and its prospects.

Shares in G4S, which were trading at 145 pence before GardaWorld announced its interest, stood at 209 pence at Friday's close.

GardaWorld, majority owned by buyout firm BC Partners, said in its offer document that the cash bid would reward shareholders' "patience with a business that continues to face legacy challenges and future uncertainty".

"It is time to draw a line under G4S's past and give this company a brighter future," said GardaWorld founder and CEO Stephan Cretier.

G4S said early this month that U.S. rival Allied Universal had expressed interest in making a counter offer. (Reporting by Paul Sandle Editing by David Goodman)


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All news about G4S PLC
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Financials
Sales 2020 6 886 M 8 990 M 8 990 M
Net income 2020 407 M 531 M 531 M
Net Debt 2020 1 463 M 1 910 M 1 910 M
P/E ratio 2020 8,00x
Yield 2020 1,77%
Capitalization 3 203 M 4 187 M 4 181 M
EV / Sales 2020 0,68x
EV / Sales 2021 0,64x
Nbr of Employees 533 000
Free-Float 97,5%
Chart G4S PLC
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Technical analysis trends G4S PLC
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 7
Average target price 210,86 GBX
Last Close Price 207,20 GBX
Spread / Highest target 36,6%
Spread / Average Target 1,76%
Spread / Lowest Target -18,0%
EPS Revisions
Managers
NameTitle
Ashley Martin Almanza Chief Executive Officer & Executive Director
John P. Connolly Non-Executive Chairman
Timothy Peter Weller Chief Financial Officer & Executive Director
Steven Lewis Mogford Senior Independent Non-Executive Director
Barbara Rose Milian Thoralfsson Independent Non-Executive Director
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