Wackenhut Corp & Group 4 Falck A/S | Update Date: 10/10/08 |
| Date Announced: 03/08/02 |
| Value (million $USD): 539.3 million U.S. Dollar |
|
| Status: Completed | |
| TRANSACTION DETAILS |
| Date Announced | 03/08/02 | | |
| Date Originally Announced | 03/08/02 | | |
| Format | Merger | Acquisition techniques | Not Applicable |
| Attitude | Friendly | Agency | Danish Competition Authority; Competition Commission (UK); UK Office of Fair Trading |
| Value | 539.3 million U.S. Dollar | Advisor Fees | n/a |
| SYNOPSIS |
| US - Group 4 Falck A/S acquired all the outstanding common stock of Wackenhut Corp (WHC), a provider of security, correctional, and flexible staffing services, for $33 per share, or a total value of $539.321 mil. Moreover, the transaction included WHC's 57% interest in Wackenhut Corrections Corp. |
| TARGET |
| Name | Wackenhut Corp (WAK) |
| Industries | Security systems services; Facilities support management services |
| City | Palm Beach Gardens |
| State | FL |
| Nation | United States |
| Incorporated in | FL |
| Public Status | Public |
| Business Description | Provide security, correctional, and flexible staffing services, including base operations, facility management, fire and emergency medical services and food service to private and publicly managed correctional facilities, central station monitoring, cash-in-transit, satellite tracking of vehicles and cargo, building maintenance, personnel employee leasing, payroll processing and human resource services |
| Advisors | Salomon Smith Barney |
| Target Sales | 2.81 billion U.S. Dollar |
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| ACQUIROR |
| Name | Group 4 Falck A/S (Copenhagen : FALCK) |
| Industries | Offices of holding companies, nec |
| City | Copenhagen |
| State | n/a |
| Nation | Denmark |
| Incorporated in | n/a |
| Public Status | Public |
| Business Description | Investment holding company specializing in companies providing safety and security services |
| Advisors | Lehman Brothers International; UBS Warburg |
| Acquiror Sales | 2.52 billion U.S. Dollar 21.04 billion Danish Krone |
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