Carl Icahn-Backed Cevian Capital Terrorizes G4S, Demands Break-up

We have talked about G4S plc (LON:GFS) (OTCMKTS:GFSZY), the UK-based security solutions company, a couple of times before. The company now has an activist hedge fund, associated with Carl Icahn, on its back, which reports suggest is calling for a break-up. Carl Icahn backed Cevian Capital wants G4S to sell cash services Cevian Capital, the Sweden-based hedge fund, is asking the company to sell off a part of its business. Reuters reports that Cevian is pushing the company to spin-off its cash services business which makes up for 25 percent of the company’s profits. In the past months, G4S has been marred…