GardaWorld extend takeover bid for G4S PLC. | Kalkine Market Update UK |

  • November 09, 2020 12:16 PM GMT
  • Team Kalkine

Canadian security firm GardaWorld, which is vying to acquire G4S Plc and had launched a hostile bid last month, has extended its offer. GardaWorld has said that the offer will remain open for G4S until 28 November to be accepted. In the past, G4S had repeatedly rejected its offers. Chief Executive Stephan Cretier expressed his confidence that they can turn around the business of G4S despite its past problems and uncertain future.

Westfield shopping center threaten retailers over unpaid rent Westfield shopping center on the first day of foreclosure has reportedly threatened different retailers including Pret A Manger over unpaid rent. Sandwich chain Pret A Manger had announced more than 3,000 job cuts since the outbreak of the Covid-19 in an attempt to cut costs. The company had recently announced the closure of six branches as the customer levels plunged due to the pandemic.

* Codemasters gets takeover proposal from Take-Two Interactive Software Codemasters Group Holdings Plc has received a non-binding takeover proposal from Take-Two Interactive Software, Inc, a NASDAQ-listed videogame publisher. The proposal is to acquire the entire issued share capital of Codemasters, a British videogame developer, at a price of 485 pence per share. The offer consists of 120 pence per share in cash and 365 pence per share payable in Take-Two Interactive shares.

 


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