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G4S pulls plug on Trojan Security purchase
Mon, 21 May, 2012
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G4S pulls plug on Trojan Security purchase
Fri, 3 Feb 2012, 13:29:00
<b>G4S</b>, the security firm, has once again pulled out of an attempt to buy out another company, though this one is on a much smaller scale than its aborted bid for ISS last year. 
 
 This time G4S has taken a step back from buying <b>Trojan Security Services</b>, the third largest security services provider in Botswana. The group announced the proposed £1.3m acquisition at the end of 2011, when it looked like a done deal; that, apparently is not the case, although G4S said that negotiations are still continuing. 
 
 In November the firm turned its back on Danish cleaning company <b>ISS</b> for £5.2bn after shareholders blocked the deal. 
 
 G4S's share price rose 0.26% to 270.8p by 12:38. 
 
 
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