G4S steps up fight against rival's hostile takeover


G4S steps up fight against rival’s hostile takeover by promising to deliver £1bn of free cash flow in next five years

G4S stepped up its fight against a Canadian rival’s hostile takeover by yesterday promising to deliver £1billion of free cash flow in the next five years. 

Bosses at the security firm said the target demonstrated their confidence in their strategy, and that they had put a number of scandals behind them. 

Fight: Chief executive Ashley Almanza said Garda World's 'opportunistic' bid rode roughshod over shareholders' interests

Fight: Chief executive Ashley Almanza said Garda World’s ‘opportunistic’ bid rode roughshod over shareholders’ interests

They could also begin to pay dividends next spring if uncertainty caused by Covid-19 settles down. 

Chief executive Ashley Almanza said Garda World’s ‘opportunistic’ bid rode roughshod over shareholders’ interests. 

Garda World, however, branded the financial targets as ’empty promises’. 



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