IWG shares soar on back of trio of bids

Stock exchange

Shares in FTSE-250 listed serviced office provider IWG jumped by more than 20% in morning trading after disclosing it had received three takeover approaches last week.

The company, formerly known as Regus, was forced to reveal the approaches from Starwood Capital, Lone Star and TDR Capital on Friday afternoon after rumours caused its share price to jump by 10%. No details of the offers have so far been released.

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