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- Tuesday, November 1, 2011, 3:55 AM As expected, G4S (GFSZF.PK) abandons its planned £5.2B ($8.4B) purchase of Denmark's ISS after failing to gain the backing of shareholders, who were concerned about the scale and complexity of the deal. G4S also scraps a £2B planned rights to finance the acquisition. Comment!
- Sunday, October 30, 2011, 6:01 AM G4S's (GFSZF.PK) £5.2B ($8.4B) acquisition of ISS, whose owners include Goldman Sachs (GS), is on the verge of collapsing as an increasing number of major G4S investors say they won't back the deal, The Sunday Telegraph reports. The pressure is now on the firm to pull the purchase before a shareholder vote on Wednesday. Comment!