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Shares of IWG PLC surged 22% in Monday's trade after the serviced-office company said it's in talks with three rival private equity firms about a potential take over. In a statement out late Friday, the company -- formerly known as Regus -- said it has received an approach from Lone Star and two separate indicative proposals from Starwood Capital and TDR Capital. "The board is evaluating the possible offers with its financial advisers and shareholders will be updated in due course," IWG said in the release.
IWG surges 21% on takeover talks with 3 rival suitors
IWG Plc operates as a holding company. The firm engages in the provision of spectrum of work solutions across multiple brands. It also provides services to the property owner, property investor, franchisee, and brokers. The company was founded on September 27, 2016 and is headquartered in Zug, Switzerland. (See Full Profile)
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