Danske Bank: G4S – acceptence level lowered to 75%

G4S recommends equity investors to accept the 245p/share offer from Allied Universal after GardaWorld decided not to hike its bid. Allied Universal has lowered the level of acceptance condition to its offer from 90% to 75% – making it more likely that the deal will go through. The last day for equity investors to accept the offer is 16 March 2021. At the same time Allied Universal states that it has obtained substantially all of the required antitrust approvals and clearances – hence the deal could potentially be closed relatively shortly after 16 March if the offer is accepted by at least 75% of investors.

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