4th Nov 2013 06:56
LONDON (Alliance News) - G4S is bracing for calls from investors to break itself up when it gives a strategy presentation Tuesday, after a series of problems in the wake of the Olympics staffing fiasco, The Guardian reports Monday.
The company has rejected a GBP1.55 billion offer for its cash business from Charterhouse Capital, and the paper quotes people close to the company saying a sale would be a costly folly in many markets and now would be exactly the wrong time to do it given low interest rates means there's less demand from companies to get cash to the bank quickly.
http://www.theguardian.com/business/2013/nov/03/g4s-fireworks-investors
By Steve McGrath; [email protected]; @SteveMcGrath1
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