TIMELINE-Battle for the security specialist: A look at G4S' long history

Feb 22 (Reuters) - Allied Universal made the highest bid in an auction for Britain’s G4S, defeating a final bid from Canada’s GardaWorld after a months-long battle for the security specialist.

A regulatory panel said the auction, called to conclude months of unsuccessful efforts by either side to win over shareholders, had concluded with Allied bidding 245 pence per share compared with Gardaworld’s 235 pence.

Here is a look at the British security company’s history, tracing its roots back more than a 100 years to Scandinavia.

1901 - 1990s

Businesses offering night patrols on bicycles and motorised ambulances are set up in Scandinavia and Britain that later spawn three main groups through various deals over decades: Securicor (based in Britain), Falck (Denmark) and Sweden’s Group 4 (Total Security)

Early 2000’s

Mergers and acquisitions continue: Group 4 Falck is established that eventually becomes Group 4 Securicor and is listed on the London Stock Exchange


G4S brand is rolled out


G4S enters the FTSE 100 index, but has since been demoted to the FTSE 250 mid-cap index


Ashley Almanza joins G4S as chief executive

2019, May

GardaWorld pulls back interest here in G4S after earlier having said it was considering a cash offer for some or all of the company. It never made a formal proposal to G4S during the offer period.

2020, February

G4S agrees to sell here most of cash handling business to Brinks in a 727 million pound deal

2020, September

G4S rejects here 190-pence-a-share hostile bid from GardaWorld revealing it had earlier rejected two more proposals. The proposal had valued the UK-listed company at 2.97 billion pounds

2020, October

Allied Universal expresses interest here in making an offer for G4S

2020, December

G4S agrees here to be bought out by Allied for 3.8 billion pounds, or 245 pence per share

2021, January

GardaWorld extends here buyout offer period for a fifth time

2021, February

Allied Universal extends here buyout offer period for a second time, while a media report disclosed that G4S planned to hold talks with the Takeover Panel

The $5 billion-plus bid battle for Britain’s G4S will be settled by a rare head-to-head auction in February if one of its two North American suitors hasn’t prevailed by then, Britain’s takeover regulator said.

Sources: G4S website here, Reuters reporting

Reporting by Pushkala Aripaka and Priyanshi Mandhan in Bengaluru; Editing by Anil D’Silva