GardaWorld faces huge fees in hostile takeover bid for G4S
18 October 2020 - 18:13
London — Canada’s GardaWorld expects to incur as much as £305m in fees and expenses if it succeeds in its hostile takeover offer for UK rival G4S, according to offer documents published by the security group.
Garda, which made an almost £3bn hostile offer for G4S, could pay as much as £180m in financing fees if it succeeds in acquiring the UK firm, according to the documents published on Saturday. Fees incurred for financial advice could range anywhere between £1m and £100m, the Canadian company said...
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