Shares of G4S PLC (LON: GFS) are trading moderately in the red today after Gardaworld further extended its hostile bid worth around 3 billion pounds ($4 billion).
The Canadian security firm said the offer will remain open until December 16 after the previous deadline set at November 28 expired. The potential deal is based on a 210p share price offer, which is lower than Friday’s closing price of 228.1p.
The management of G4S is desperately trying to fend off external interest and please its shareholders. To this end, GFS said last week it set a target of generating free cash flow (FCF) of more than £1 billion between 2021-2025.
Interested in investing after today’s move?
XTB gives investors access to thousands of UK and international stocks,
including fractional shares from just £1.
Explore stocks with XTB →
Your capital is at risk. The value of your investments may go up or down. Past performance is not a reliable indicator of future performance.
Want to invest in the stocks making the news?
Go from following the market to investing in it, with access to thousands
of stocks across major UK and international markets.
See available stocks →
Your capital is at risk. The value of your investments may go up or down. Past performance is not a reliable indicator of future performance.
Own the stocks you’re reading about
Invest in real shares across the UK, US and other major global markets
through XTB, all from one investment account.
Explore XTB shares →
Your capital is at risk. The value of your investments may go up or down. Past performance is not a reliable indicator of future performance.
You don’t need to buy a whole share
Fractional shares let you invest from just £1, giving you more control
over how much you put into individual companies.
Explore fractional shares →
Your capital is at risk. The value of your investments may go up or down. Past performance is not a reliable indicator of future performance.
Want to see how XTB works first?
Explore the platform with an XTB demo account before deciding whether
you want to invest with real money.
Try the XTB demo →
Your capital is at risk. The value of your investments may go up or down. Past performance is not a reliable indicator of future performance.
Moreover, G4S is seeking higher revenue by 4%-6% per year and margins of 7%. The management also committed to paying a dividend in 2021.
“G4S has a bright future as an independent company with significant value upside for shareholders. The Board believes that G4S has significant potential to re-rate as a result of its above-market growth outlook, higher margins from integrated security services and the material value upside in Retail Cash Solutions,” John Connolly, G4S chairman said in a statement.
G4S share price trades 0.8% lower today at 226.3p.
PEOPLE WHO READ THIS ALSO VIEWED:
