The company also disclosed that it will release its interim results before the close of the Rentokil offer, which values Securiguard at almost pounds 60m. The results are expected to support Securiguard's argument that its businesses are starting to benefit from the end of the UK recession.
Alan Baldwin, Securiguard's chairman, said in a defence document yesterday that Rentokil hoped to secure a bargain at the expense of Securiguard shareholders. Its offer of 270p a share was derisory.
Clive Thompson, Rentokil's chief executive, said the document held no new information and he still expected to meet with Securiguard's board to secure a recommendation.
- More about:
- Real Estate Activities
- Stock And Equity Market & Stock Exchange
- Tokyo Stock Market