Serco Group PLC (SRP.LN) Sunday said it is not in any discussions regarding a major acquisition after the Sunday Telegraph reported it had made a $2 billion bid for U.S. security services firm SRA International Inc. (SRX).

In response to "the recent speculation regarding a possible acquisition by Serco," the company said "it is not in any discussions regarding any major acquisition at this time."

The Sunday Telegraph earlier reported that the initial approach to SRA was made "some weeks ago," but was rebuffed. The report said Serco and advisers including UBS AG (UBS) were working on an improved offer.

-London Bureau, Dow Jones Newswires; +44 (0)20 7842 9320
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