Security group GardaWorld on Wednesday extended the buyout offer period for rival G4S for a sixth time, prolonging a bidding war with U.S.-based Allied Universal for the British private security services firm.
By Reuters Staff
2 Min Read
FILE PHOTO: The logo of German chauffeur service Blacklane is pictured at the company s headquarters, as the spread of the coronavirus disease (COVID-19) continues, in Berlin, Germany, October 28, 2020. REUTERS/Fabrizio Bensch
(Reuters) - German chauffeur service Blacklane has acquired a majority stake in Jaguar Land Rover-backed Havn, a premium all-electric cab service in London, for an undisclosed sum to speed up the electrification of its private hire fleet.
The investment was completed in November and permits Blacklane to grow Havn’s service and offer more zero-emission rides in London, the companies said in a joint statement on Tuesday.
By Reuters Staff
1 Min Read
(Reuters) - Canadian security group GardaWorld on Wednesday extended its buyout offer period for rival G4S for a fifth time, even as the British company has already accepted U.S.-based Allied Universal’s takeover offer.
Allied on Tuesday extended the time for G4S shareholders to accept the deal, which has been agreed upon by the two companies, to Feb. 9.
G4S said GardaWorld’s announcement does not change the board’s recommendation that the company’s shareholders accept Allied’s offer of 245 pence per share.
Private-equity backed GardaWorld has extended its offer to Feb. 10.