IWG shares soar 22.8% on news of offers

FTSE 100 image

Shares in IWG rose 22.82% on the FTSE 250 to 309.50p on Monday, as the company confirmed it received three takeover approaches last week.

The company, formerly known as Regus, said its board was evaluating the offers with its financial advisers from US companies Starwood Capital and Lone Star made approaches for the business, alongside UK private equity investors TDR Capital.

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