October 18, 2011 / 11:33 AM / in 6 years

UPDATE 1-Garda World buys Aeroguard for C$16 mln

Oct 18 (Reuters) - Canadian security services provider Garda World Security Corp said a unit has acquired airport screening services provider Aeroguard for C$16 million ($15.7 million) in cash and shares.

Garda also increased its outlook for fiscal 2013 to an operating profit of C$145 million.

According to the terms of the deal, Garda will pay C$13 million in cash and issue 250,000 shares at C$12 per share. ($1 = 1.017 Canadian Dollars) (Reporting by Abhiram Nandakumar in Bangalore)

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