Posts Tagged ‘G4S backs out’

G4S backs out of £5.2 billion ISS acquisition

Tuesday, November 1st, 2011
Security firm G4S Plc  has backed out on its planned 5.2 billion pounds acquisition of Denmark’s ISS. The reasons behind the collapse of the deal is failure to secure shareholder support for the deal. Based on this the board could no longer allow it to go ahead.

This morning G4S said its shareholders had raised too many concerns over the size of the deal