11th Sep 2015 09:28
LONDON (Alliance News) - Office rental company Regus PLC's shares were trading higher on Friday following a report in the Daily Mail which suggested it may be the subject of bid interest from private equity suitors.
The Daily Mail said it understood Mark Dixon, the company's chief executive, recently turned down a GBP3.0 billion offer from a private equity company, rumoured to be US group Blackstone.
But the paper said he has apparently indicated that the group would be open to a bid valuing the company closer to GBP4.0 billion.
http://www.thisismoney.co.uk/money/markets/article-3229856/MARKET-REPORT-Office-rental-giant-Regus-ripe-4bn-takeover-bid-rumours-gather-pace.html
Regus shares were up 3.1% to 303.9 pence on Friday, one of the best performers in the FTSE 250. The company has a market capitalisation of GBP2.83 billion.
By Sam Unsted; [email protected]; @SamUAtAlliance
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