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Battle between Garda and Caisse over bids for G4S gets nasty with legal threat

Battle between Garda and Caisse over bids for G4S gets nasty with legal threat
Business
MONTREAL - A battle between Garda World and Quebec’s largest pension fund manager over each group’s efforts to acquire the world’s leading security firm has escalated with the filing of a legal threat.

Garda World’s founder and CEO, Stephane Cretier, says he received a formal legal notice from the Caisse de depot et placement du Quebec a day after he was interviewed by Radio-Canada.

In a news release, the businessman denounced intimidation from the large financial institution, saying the Caisse belongs to all Quebecers.
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