11th May 2018 17:12
LONDON (Alliance News) - FTSE 250-listed IWG PLC after the close Friday said it was evaluating three possible cash takeover bids, after its share price had jumped 10% earlier in the day.
Shares in IWG closed 10% higher at 252.00 pence on Friday, the second best midcap performer.
IWG had received an approach from Lone Star Europe Acquisitions Ltd as well as two separate indicative proposal from Starwood Capital European Operations Ltd and TDR Capital LLP regarding a potential cash bid for the office workspace firm.
The firm, formerly known as Regus, said it was evaluating the rival bids and would update investors in due. It emphasised that there was no certainty an offer would be made.
In December, IWG was faced with the prospect of a cash bid from Brookfield Asset Management Inc and Onex Corp before the two firms eventually decided not make an offer in February.
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