GardaWorld turns hostile in £3bn battle to secure G4S

A transatlantic war of words has broken out after Canadian security firm Gardaworld formally turned hostile in its £3bn takeover bid for G4S. The company ratcheted up the pressure on the board of G4S, led by City grandee John Connolly, by lodging a firm offer for the FTSE 250 company. Stephan Crétier, chairman of GardaWorld, justified not increasing his company’s 190p-a-share offer for G4S by labelling it a “deeply troubled business”. “G4S needs a committed o