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Business

G4S shares slide on news FL gunman was employee

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Opening sequence

Business

G4S shares slide on news FL gunman was employee

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COMING UP:G4S shares slide on news FL gunman was employee

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Transcript

00:00:02
>> News that the Orlando gunman worked for security company, G4S, driving its shares down 6% Monday. That slide wiping nearly $283 million off the value of the worlds largest security firm trading on the London Stock Exchange at it's lowest level in eight years. Omar Mateen had been employed by G4S as an armed security guard at a gated retirement community in South Florida.
00:00:28
Two background checks in 2007 and 2013 revealed nothing of concern, the company said. A spokesman adding its trying to assess whether any guns used in the attack were related to Mateen's work. Based in the UK, G4S employs 620 thousand people in more than 110 countries. Providing security to a slew of government agencies, including the U.S. State Department, Justice Department, and Department of Homeland Security according to its website.
00:00:59
It's also no stranger to controversy. Coming under fire from rights advocates for providing services to Israeli prisons holding Palestinian detainees and overcharging the British government for electronic tagging devices for criminals. The Bill and Melinda Gates Foundation sold its stake in G4S in 2014. The company is saying it is deeply shocked by the tragic events in Orlando, and is providing full support to U.S. law enforcement.