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Stock impact report

Brink's Completes Next Phase of G4S Cash Acquisition

Brinks Company (The) (BCO) 
Last brinks company (the) earnings: 2/6 07:30 am Check Earnings Report
Company Research Source: GlobeNewswire
RICHMOND, Va., April 06, 2020 (GLOBE NEWSWIRE) -- The Brink’s Company (NYSE: BCO), the global leader in total cash management, route-based secure logistics and payment solutions, today announced that it has completed its acquisition of G4S plc (LSE: GFS) cash operations in the Netherlands, Belgium, Ireland and Hong Kong.  On March 9, Brink’s completed its previously disclosed acquisition of G4Si, a global provider of secure logistics and storage services.  On March 10, the company sold G4Si’s U.K.-based operations, which had 2019 revenue of less than $10 million.     On February 26, Brink’s announced the planned acquisition of G4S cash operations in 17 markets, with closings planned in multiple phases throughout 2020.  Based on favorable currency translation and other positive adjustments, the company expects to pay approximately $835 million for the entire transaction, including approximately $420 million to complete the remaining transactions in 13 markets.      In 2019, the G4S Show less Read more
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