Posts tagged: G4S

Deals, deals, deals...in a bear market - Part 5

Monday, 19 October 2020, 8:34 pm

It's pretty gloomy out there given the current state of affairs but hasn't put a dampener on dealmaking.

Today in the US ConocoPhillips announced a $9.7 billion for shale explorer and producer Concho Resources while chip maker Intel Corporation is in talks to sell its memory-chip unit to South Korea’s SK Hynix Inc. for roughly $10 billion. That's two $10 billion deals in a day...

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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...

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Brexit...who cares, say French Canadians - Part 2

Thursday, 11 April 2019, 9:31 am

There is an old saying in (British) journalism: "three makes a trend".

I guess, then, we are half way there when it comes to the French Canadians and British businesses.

Several week's ago Saputo - based in Montreal, Canada - paid £1 billion for London-listed cheesemaker Dairy Crest.

And yesterday it emerged Garda World, whose headquarters are also in Montreal, is weighing a £3 billion takeover of accident-prone security company G4S...

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