August 6, 2018 / 6:28 AM / 3 months ago

Offices group IWG ends takeover discussions with suitors

LONDON, Aug 6 (Reuters) - IWG Plc, a provider of serviced offices, said on Monday that it had ended takeover talks with its three potential buyers because it did not believe any of them could deliver a deal at a price it could recommend to shareholders.

TDR Capital, Terra Firma and Starwood Capital had all been holding discussions with London-listed IWG.

Earlier on Monday, IWG posted a 33 percent drop in pre-tax profits to 54.3 million pounds ($70.50 million)for the first six months of 2018. ($1 = 0.7702 pounds) (Reporting by Ben Martin; editing by Emelia Sithole-Matarise)

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