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Source: network.nationalpost.com --- 20 days ago
Private equity firm The Blackstone Group is paying US$750-million to buy security personnel firm AlliedBarton Security Services , saying it was attracted by strong fundamentals in the sector. The purchase price for the third largest U.S. physical security provider values privately-held AlliedBarton at 8.3 times EV/EBITDA for the latest 12 months, according to Desjardins Securities analyst Martin Landry. This compares with a multiple of 9.3x for Montreal-based Garda World Security Corp. , the fifth-largest security company in the world. Mr. Landry considers AlliedBarton one of the least attractive names in the U.S. guarding space and told clients that the deal’s pricetag more than justifies Garda’s current valuation in the $12.50 per share range. “We do not see the acquisition by Blackstone as a threat to Garda as the two companies do not target the same type of guarding work,” he said, noting that it will improve AlliedBarton’s weak financial position and make it more competitive. Mr. Landry reiterated his “buy” rating and $20 price target on Garda shares, saying recent weakness offers an good entry point. He also noted that it trades at a forward EV/EBITDA multiple of 5.6 times, which represents a 9% discount to its peers. “We believe that the company deserves a premium valuation given it is the lowest cost operator, the fastest growing and most profitable company among its peers,” the analyst added. Jonathan Ratner ... Source: www.theglobeandmail.com --- 44 days ago
Company alleges ex-employee stole secrets ... Source: www.rte.ie --- 25 days ago
Gardaí have appealed for information in identifying a man who was found dead in Cork this morning. ... Source: www.rte.ie --- 42 days ago
Gardaí are appealing for information after the body of a 60-year-man was found in Dublin yesterday. ... Source: www.moreover.com --- 31 days ago
Evening Echo Jul 21 2008 1:01AM GMT ... Source: www.independent.ie --- 49 days ago
... Source: www.independent.ie --- 37 days ago
... Source: www.moreover.com --- 10 days ago
Sunday Business Post Aug 10 2008 5:13AM GMT ... Source: www.rte.ie --- 26 days ago
An Assistant Garda Commissioner has lost his challenge to the law requiring him to retire when he is 60. ... Source: www.newsisfree.com --- 17 days ago
It is not a problem for the youngsters but older fellas would still rather keep it a secret [in Eircom.net National News ] ... Source: www.antara.co.id --- 50 days ago
Tim Garis Depan (Garda) Nusantara, dalam penjelajahannya ke pulau-pulau terluar Indonesia, Selasa, menanam tugu di Pulau Nipah, Batam, yang berada di kawasan ke Selat Philips. ... Source: www.herald.ie --- 43 days ago
A Dublin woman was raped by her taxi driver as she was being brought home after a night out in the city. ... Source: www.breakingnews.ie --- 22 days ago
Crime levels will soar and communities around the country will suffer as a result of Government-imposed cutbacks to frontline policing, according to Fine Gael. ... Source: www.herald.ie --- 23 days ago
GARDAI have opened an investigation into a controversial website which advertises fake sick notes for just €30 which can be used to scam unsuspecting employers and insurance firms. ... Source: www.wexfordpeople.ie --- 32 days ago
SPIRALLING drug crime has led to the establishment of Wexford's first dedicated drugs unit.Interviews are this week being held by a board of senior Gardaí to select full-time members for the new drugs squad, which will be a large and dedicated unit, focusing solely on local drugs investigations. ... Source: www.asap.co.uk --- 47 days ago
For the time being, four prominent UK tour operators have stopped sending their clients to the hotel in the Lake Garda area of Italy where one man died and another 30 guests were hospitalised early last week from food poisoning. Geoffrey Appleyard, 71, a UK holidaymaker from Evesham, in Worcestershire, died on 22 June 22 after [...] ... Source: www.herald.ie --- 9 days ago
SENIOR Garda sources have revealed that they now do not expect two missing Dublin men to be seen alive again. ... Source: www.independent.ie --- 16 days ago
DEMANDS are growing for big businesses to pay for their own Garda escorts after it emerged that the decision to stop subsidising banks for Army and Garda escorts has saved the Government at least €11m. ... Source: www.irishexaminer.com --- 16 days ago
THE Garda Síochána Ombudsman Commission is expected to come under pressure to set up a special investigation into alleged links between a convicted drug dealer and members of the Gardaí. ... Source: www.independent.ie --- 16 days ago
POLICING the protesters at the controversial Shell gas pipeline has cost €11m in Garda overtime -- an amount second only to that spent combating organised crime in Dublin in the force's budget. ... Find more results for Garda on RSSMicro.com |
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