Home
Investment
News & Views
Company News
news storage
G4S pulls plug on Trojan Security purchase
Mon, 21 May, 2012
INVESTMENT NEWS
Company Search
Search QCK.COM
Investment Home
News & Views
Top Stories
Charting
Company Search
Watchlist
Market Reports
Market Buzz
Company News
Economic News
New Issues
Other News
G4S pulls plug on Trojan Security purchase
Fri, 3 Feb 2012, 13:29:00
G4S
, 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
Trojan Security Services
, 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
ISS
for £5.2bn after shareholders blocked the deal. G4S's share price rose 0.26% to 270.8p by 12:38. NR
©2004-2009 QCK.com