A G4S spokesperson said: “There is nothing new here. The terms of the offer remain unchanged from those contained in Gardaworld’s announcement on 30 September, which the board unanimously rejected on the basis that it significantly undervalues the company and its prospects and is not in the best interests of shareholders or other stakeholders.” “Simply said, a cookie-cutter approach will not succeed in fixing G4S’s operations,” he said. “This operation needs a deep root and branch reprogramming.” More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comMark Eaton, former NBA All-Star, dead at 64nypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily Funnybonvoyaged.comTotal Jerks: These Stars Are Horrible People.bonvoyaged.comJustPerfact USAMan Decides to File for Divorce After Taking a Closer Look at This Photo! JustPerfact USANoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableyZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldPost Fun25 Worst Movies Ever, According To Rotten TomatoesPost FunBeach RaiderMom Belly Keeps Growing, Doctor Sees Scan And Calls CopsBeach RaiderMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryBleacherBreaker4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!BleacherBreaker The G4S takeover saga is finally over, with shareholders in the security company accepting Allied Universal’s offer. James Warrington Banks, lawyers, accountants and PR professionals are set to share a reward package ranging from £13m to £312m if Gardaworld’s £3bn bid is successful. Sunday 18 October 2020 10:49 am G4S has rejected the bid, but the Canadian company has repeatedly urged shareholders to ask the board to enter into negotiations. whatsapp In a takeover document published yesterday, Gardaworld said it will pay up to £100m to Barclays, UBS, Jeffries and Bank of America for financial and corporate broking advice. G4S, which has roughly 533,000 employees, offers security services and is managing the UK’s coronavirus test centres. However, it has been embroiled in controversy in recent years over its handling of government work, and was stripped of its contract to run Birmingham prison. In this document Gardaworld boss Stephan Cretier launched a fresh salvo at G4S for its “baseless optimism” and “history of operational missteps”. The G4S takeover saga is finally over, with shareholders in the security company accepting Allied Universal’s offer. Also Read: Gardaworld advisers set for £312m payday in G4S bid A further £180m could be handed to banks that provide financing for the deal, while lawyers are set to earn £18m and PR advisers including London-based Montfort could net £7m. The G4S takeover saga is finally over, with shareholders in the security company accepting Allied Universal’s offer. Also Read: Gardaworld advisers set for £312m payday in G4S bid Gardaworld has already upped its bid twice, but top investors have said the 190p per share offer still undervalues the firm. Its shares closed at 208.9p last week. Tags: G4S Advisers to Gardaworld are in line for a £312m payout from the Canadian firm’s hostile takeover bid for outsourcing giant G4S. Gardaworld advisers set for £312m payday in G4S bid Share G4S last week said it had also received interest from rival suitor Allied Universal, which is one of the largest security firms in the US. Show Comments ▼ Gardaworld, which is 51 per cent owned by private equity fund BC Partners, last month sparked a bitter tussle with G4S after tabling a 190p per share offer for its FTSE 250 rival.