IWG shares fall after Lone Star withdraws bid

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IWG’s share price fell 2.06% on Tuesday to 313.30p after Lone Star revealed its talks to buy the office provider ended without a deal on Monday ahead of the Friday deadline.

Last month IWG confirmed it had received “an approach” from Lone Star and “two separate indicative proposals” from Starwood and TDR, regarding a possible cash offer for the entire issued and to be issued share capital of the company.

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