Security Firm G4S To Sell US Government Contracts Biz

Law360, New York (March 5, 2013, 3:30 PM EST) -- International security company G4S PLC is planning to sell its struggling U.S. government contracts group, saying Tuesday that U.S. national security regulations made it difficult to run the company profitably from its U.K. headquarters.

While the G4S' government security operations in other countries had above-group-average margins and long-term contracts in its portfolio, its U.S. subsidiary  market did not, according to a February investory presentation. Part of the problem, G4S said, was its subsidiary's need to restrict information flow to the parent company to comply with security...
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