If it has taken the interest of a relative industry minnow, albeit backed by the deep pockets of American private equity, to shine a light on what the true value of G4S might be, then so be it (Robert Lea writes).
G4S is a titan of the security guarding sector, with annual revenues of £7.7 billion and 530,000 employees. It is not only one of Britain’s largest multinationals but also the global leader in its industry.
However, it has fallen out of favour with investors and, with its stock market value at a fraction of its annual turnover, it has long been out of the FTSE 100 index.
G4S started the week worth only £2.2 billion, or 145p a share. That changed quickly when
