IWG shares plummet on end of takeover talks

Generic finance graph fall

IWG’s share price plummeted 22% over Monday and early trading Tuesday after the company, formerly known as Regus, announced it has ended takeover talks with Starwood, Terra Firma and TDR.

After closing at 303.7p on Friday shares in IWG fell to 240.0p on Monday and were trading at 236.3 early Tuesday morning.

The news came as IWG published interim results, which showed a 29% drop in operating profit to £60m.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Register for free to finish this article.

Sign up now for the following benefits:

  • Four FREE articles of your choice per month
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article REGISTER NOW

Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week.

Registered users and subscribers SIGN IN here to continue