Prime Opportunities pulls out of the race to buy IWG
Real estate investor Prime Opportunities didn’t give a reason but said it would not be making an improved offer for IWG
Company
IWG PLC
LON:IWG
IWG is a provider of outsourced workplace solutions. With approaching 3,000 locations in over 100 countries and 1,000 cities across the world, IWG is the global leader in the fast-growing Workspace-as-a-Service (WaaS) sector. Our companies – which include Regus and Spaces – help more than 2.5mln people and their businesses to work more productively. We do so by providing a choice of professional, inspiring and collaborative workspaces, communities and services.
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IWG slumps as it issues profit warning despite strong global sales
In a trading update, the FTSE 250 workspace provider said its UK business was “not performing to management expectations"
Bidding war for IWG heats up as Terra Firma Investments joins the race
IWG has been contacted by Terra Firma Investments about a possible all-cash offer
IWG up as US firm Prime Opportunities Investment reveals UK firm rejected cash takeover approach
Prime Opportunities did not provide any financial details of the rejected offer but said it will continue to "actively" consider the possibility of making a new offer for IWG
MTI Wireless shares fall as it reports decrease in revenues and profit
A look at some of the top risers and fallers in London on Monday
FTSE 100 closes in red as there is little around to spark investor interest
FTSE 250 fared better though closing ahead by around 15 points at 20,800.