On Air Now

Listen

Listen Live Now » 92.9 FM Lansing, Michigan

Weather

Current Conditions(Holt,MI 48842)

More Weather »
47° Feels Like: 47°
Wind: WNW 0 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Today

PM Thunderstorms 74°

Tonight

Isolated Thunderstorms 55°

Tomorrow

Scattered Thunderstorms 74°

Alerts

Charterhouse eyes $1.6 billion offer for G4S unit: report

LONDON (Reuters) - British private equity group Charterhouse Capital Partners is mulling making a 1 billion pounds ($1.6 billion) offer for G4S's cash-solutions business, according to Bloomberg.

G4S, the world's biggest security firm, declined to comment and Charterhouse was not immediately available to comment on the report.

Charterhouse approached banks and its investors over financing a deal for the unit, which transports cash using high-security vehicles and manages ATM machines, according to three people familiar with the matter.

G4S is aware of the proposal and discussed the sale option internally, said one of the sources, but it may decide against a sale of the unit, according to the report.

($1 = 0.6178 British pounds)

(This version of the story corrects the headline to say $1.6 billion not £1 billion.)

(Reporting by Lorraine Turner; Editing by David Cowell)

Comments