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IWG rallies on Brookfield, Onex bid report
Shares in serviced office provider IWG, formerly Regus, rallied on Wednesday following a report that Canada's Brookfield Asset Management and Onex Corp are preparing an offer that values the company at around £2.7bn.
IWG said last month that it had received an "indicative proposal" regarding a possible cash offer from the consortium. Bloomberg cited people familiar with the matter as saying that the group is lining up a firm offer of around 300p per share.
It was understood that a final decision hasn't been made and plans for a bid could change.
At 0910 GMT, IWG shares were up 4.1% to 275.20p.