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Which 3 Stocks Would Warren Buffett Buy?G4S pulls plug on Trojan Security purchase
03-02-2012 12:33
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G4S, the security firm, has once again pulled out of an attempt to buy out another company, though this one is on a much smaller scale than its aborted bid for ISS last year.
This time G4S has taken a step back from buying Trojan Security Services, the third largest security services provider in Botswana. The group announced the proposed £1.3m acquisition at the end of 2011, when it looked like a done deal; that, apparently is not the case, although G4S said that negotiations are still continuing.
In November the firm turned its back on Danish cleaning company ISS for £5.2bn after shareholders blocked the deal.
G4S's share price rose 0.26% to 270.8p by 12:38.
NR
This time G4S has taken a step back from buying Trojan Security Services, the third largest security services provider in Botswana. The group announced the proposed £1.3m acquisition at the end of 2011, when it looked like a done deal; that, apparently is not the case, although G4S said that negotiations are still continuing.
In November the firm turned its back on Danish cleaning company ISS for £5.2bn after shareholders blocked the deal.
G4S's share price rose 0.26% to 270.8p by 12:38.
NR
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