GardaWorld extends G4S bid deadline after ‘derisory’ response

GardaWorld has extended its hostile bid for G4S after only 0.16pc of the British security firm's investors accepted the Canadian group's £3bn offer ahead of its deadline on Saturday. Shareholders in the FTSE 250 business now have an extra three weeks to consider the 190p-a-share approach from GardaWorld, after the deadline was pushed from Nov 7 to Nov 28. G4S has consistently labelled GardaWorld's offer “wholly inadequate”, saying it fails to reflect the company’s value,