Monday, June 10, 10:51 PM
Bill Gates - or, more specifically, the Bill & Melinda Gates Foundation Trust - has bought about 6 million additional shares in G4S (GFSZF.PK), the giant security firm that has struggled to overcome reputational damage after its shortfalls at the London 2012 Olympics. The purchase came after the London market close on Monday but the news gave the company a 2.16% afternoon boost in the U.S.
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.
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.