Shares in office space provider IWG (LON:IWG) have continued to rise today following the company’s confirmation on Friday evening that it had recently received separate takeover approaches from three firms. Management said that shareholders would be updated about any further developments in due course.
At this time, there is no guarantee that any offers will be made for the business and no suggestion of what the terms of any potential offers would be. The bidders have until the 8th of June to make a definite proposal.
Shares in the company were up 22.8% at 309.50p at 15:45 BST.