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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 Announced03/08/02
Date Originally Announced03/08/02
FormatMergerAcquisition techniquesNot Applicable
AttitudeFriendlyAgencyDanish Competition Authority; Competition Commission (UK); UK Office of Fair Trading
Value539.3 million U.S. DollarAdvisor Feesn/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
NameWackenhut Corp (WAK)
IndustriesSecurity systems services; Facilities support management services
CityPalm Beach Gardens
StateFL
NationUnited States
Incorporated inFL
Public StatusPublic
Business DescriptionProvide 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
AdvisorsSalomon Smith Barney
Target Sales2.81 billion U.S. Dollar
ACQUIROR
NameGroup 4 Falck A/S (Copenhagen : FALCK)
IndustriesOffices of holding companies, nec
CityCopenhagen
Staten/a
NationDenmark
Incorporated inn/a
Public StatusPublic
Business DescriptionInvestment holding company specializing in companies providing safety and security services
AdvisorsLehman Brothers International; UBS Warburg
Acquiror Sales2.52 billion U.S. Dollar
21.04 billion Danish Krone
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