IWG rallies on Brookfield, Onex bid report
Shares in serviced office provider IWG, formerly Regus, rallied on Wednesday following a report that Canada's Brookfield Asset Management and Onex Corp are preparing an offer that values the company at around £2.7bn.
FTSE 250
20,084.79
16:44 29/04/24
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FTSE 350
4,481.53
16:44 29/04/24
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FTSE All-Share
4,435.18
16:59 29/04/24
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IWG
188.50p
16:34 29/04/24
1.24%
2.30p
IWG said last month that it had received an "indicative proposal" regarding a possible cash offer from the consortium. Bloomberg cited people familiar with the matter as saying that the group is lining up a firm offer of around 300p per share.
It was understood that a final decision hasn't been made and plans for a bid could change.
At 0910 GMT, IWG shares were up 4.1% to 275.20p.