Feb 10 (Reuters) - Security group GardaWorld on Wednesday extended the buyout offer period for rival G4S for a sixth time, prolonging a bidding war with U.S.-based Allied Universal for the British private security services firm.
G4S had rejected GardaWorld’s offer of 235 pence per share in favour of Allied’s bid, which was 10 pence higher and valued the private security company at 3.8 billion pounds ($5.26 billion).
G4S shareholders have until March 6 to accept GardaWorld’s offer. Allied Universal on Tuesday also extended its offer deadline to March 6.
$1 = 0.7227 pounds Reporting by Yadarisa Shabong and Samantha Machado in Bengaluru; Editing by Aditya Soni