The boards of directors managing Allied Universal and G4S announced that they have reached agreement on the terms of a recommended cash offer made by Atlas UK Bidco Limited, a newly incorporated entity that is indirectly controlled by Allied Universal, to acquire and share capital of G4S.

"G4S has been transformed into a focused global leader in security services with market-leading solutions and a blue-chip customer base that is served by a dedicated and talented team of over 530,000 employees,” said Ashley Almanza, CEO of G4S. “The combination of G4S and Allied Universal creates the global leader in security with over 750,000 employees, industry leading capabilities and unrivalled market coverage. This unique and compelling combination will offer customers exceptional service and provides employees with an exciting future."

Under the terms of the offer, G4S shareholders will be entitled to receive 245 pence ($3.26) in cash for each G4S share. The offer values approximately £3.8 billion (approximately $5 million USD) and represents a premium of:

• Approximately 68 percent to the closing price of 146 pence ($1.94 USD) per G4S share on Sept. 11, 2020 (being the last business day before the offer period started).
• Approximately 91 percent to the three-month volume weighted average closing price of 128 pence ($1.70 USD) per G4S Share on Sept. 11 2020.
• Approximately 11 percent to the highest closing price of 222 pence ($2.96 USD) per G4S share for the 52-week period ending Sept. 11 2020.
• Approximately 4 percent to the GardaWorld offer of 235 pence ($3.13 USD) per G4S share.

The combination of Allied Universal and G4S will create a world-leading integrated security business with revenues of approximately $18 billion, an international platform and portfolio of blue-chip clients across the public and private sectors.

Our businesses know each other well, we share a similar culture and values and I am excited about what the combination of Allied Universal and G4S can deliver,” said Steve Jones, president and chief executive of Allied Universal. “We have been impressed by the recent transformation of G4S which alongside our successful acquisition track record, underpins our confidence of ensuring a seamless integration of the two businesses. Combined, we will have over 100 years of industry experience and a more extensive global network in terms of people, customers and capabilities. Together, we will be in a stronger position to deliver enhanced value for all stakeholders and address customers' evolving security needs in an increasingly volatile and fast-changing world.”

For further information, visit https://www.investegate.co.uk/allied-universal-sec/rns/recommended-cash-offer-for-g4s-by-allied-universal/202012081756149852H/