G4S stepped up its fight against a Canadian rival’s hostile takeover by yesterday promising to deliver £1billion of free cash flow in the next five years.
Bosses at the security firm said the target demonstrated their confidence in their strategy, and that they had put a number of scandals behind them.
Fight: Chief executive Ashley Almanza said Garda World’s ‘opportunistic’ bid rode roughshod over shareholders’ interests
They could also begin to pay dividends next spring if uncertainty caused by Covid-19 settles down.
Chief executive Ashley Almanza said Garda World’s ‘opportunistic’ bid rode roughshod over shareholders’ interests.
Garda World, however, branded the financial targets as ’empty promises’.
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