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IWG soars after confirming takeover talks with 3 rival bidders

Shares of IWG PLC IWG, +21.03% surged 22% in Monday's business after the serviced-office corporate mentioned it is in talks with 3 rival private equity firms a couple of potential take over. In a commentary out overdue Friday, the corporate -- previously referred to as Regus -- mentioned it has received an means 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 mentioned within the free up.