29th May 2018 08:20
LONDON (Alliance News) - Prime Opportunities Investment Group LLC early Tuesday said it approached FTSE 250-listed workplace provider IWG PLC regarding a possible cash takeover bid, which has been rejected by IWG.
Prime Opportunities did not provide any financial details of its offer but said it will continue to "actively" consider the possibility of making a new offer for IWG. However, it emphasised that there is no certainty such an offer would be made.
In mid-May, IGW said it was evaluating three possible cash takeover bids from Lone Star Europe Acquisitions Ltd, Starwood Capital European Operations Ltd and TDR Capital LLP, after Brookfield Asset Management Inc and Onex Corp had earlier in the year decided not make an offer.
Shares in IGW were trading 2.0% higher at 310.40 pence each early Tuesday.
Related Shares:
IWG