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UK's G4S rejects takeover offer from Allied Universal

FILE PHOTO: Rugby League - Huddersfield Giants v Warrington Wolves Carnegie Challenge Cup Semi Final - City of Salford Stadium - 15/7/12 G4S security staff at the game Mandatory Credit: Action Images / Carl Recine

(Reuters) - British private security firm G4S Plc GFS.L on Tuesday rejected a takeover proposal from U.S. rival Allied Universal Security Services, saying that the highly conditional offer of 210 pence per share significantly undervalues the company.

The announcement from G4S, which is also currently in a hostile takeover battle with Canada’s GardaWorld, was first reported by Bloomberg News on Monday.

Reporting by Tanishaa Nadkar in Bengaluru; Editing by Rashmi Aich

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