IWG PLC has held secret talks with a New York-based private equity firm over a GBP4 billion buyout of the office space provider, Sky News reported on Monday.
CC Capital held talks with the Regus owner, Sky News reported.
Citing a property industry source, Sky News added that any bid will be a “very significant” premium to IWG’s current share price.
The stock closed down 2.3% at 300.20 pence each in London on Monday, valuing the company at GBP3.02 billion.
A potential CC Capital bid would value IWG at GBP4 billion at least, Sky News noted.
Source: MorningStar
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