Finance

IWG shares fall after Lone Star withdraws bid

By 2018-06-06T05:51:00

Getty stock market data large

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.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Try Property Week For Free to finish this article.

Sign up now for the following benefits:

  • Unlimited access to Property Week
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article TRY FOR FREE NOW

Don’t want full access? REGISTER NOW to read this article and up to 3 more this month and subscribe to our newsletters.

Registered users and subscribers SIGN IN here to continue