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G4S accepts sweetened £3.8bn bid from Allied Universal

StockMarketWire.com

Security company G4S said it had accepted a sweetened £3.8 billion takeover bid from rival Allied Universal.

The new bid would see investors offered 245p per share, higher than Allied's previous 210p offer.

The new offer trumped a rival 235p per share bid from Garda World Security, which also had been sweetened in an attempt to win over G4S's board.

Story provided by StockMarketWire.com