• Business

    G4S rejects takeover approach, Ocado shares jump, and stocks higher

    Here are the top business, market, and economic stories you should be watching today in the UK, Europe, and abroad: G4S rejects takeover approach Security firm G4S (GFS.L) has rejected a hostile takeover bid from Canada’s GardaWorld. GardaWorld on Monday went public with a 190p per share bid for the company, saying G4S executives had ignored attempts to engage with the company. GardaWorld urged shareholders to press G4S into considering the bid and shares leapt higher. G4S said in a brief statement on Monday afternoon that it had “unanimously” rejected the bid, which it viewed as “opportunistic”. In a fuller statement on Tuesday morning, G4S said its chairman had engaged…

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