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."