|Bid||3.6900 x 0|
|Ask||4.0790 x 0|
|Day's range||3.8540 - 3.9350|
|52-week range||2.2200 - 3.9350|
|Beta (3Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
The growth of WeWork and similar co-working spaces since the financial crisis has added extra risk to the market for commercial mortgage-backed securities, according to the credit-ratings firm.
British office space provider IWG Plc is to sell its Japanese operations to TKP Corp for 320 million pounds ($418.8 million), sending its shares up by almost a fifth. The company behind the Regus and Spaces brand has been looking to close or refurbish locations in Britain and some other markets to revive its business, which has been hit by a weak property market in London and higher costs related to new sites. IWG shares rose as much as 19.8 percent in early trade.
The company behind the Regus and Spaces brand has been looking to close or refurbish locations in the UK and some other markets to revive its business, which has been hit by a weak property market in London and higher costs. TKP will buy 130 flexible co-work centres operated by IWG in Japan and will also allow the Japanese company to exclusively use IWG's Regus, Spaces and OpenOffice brands.
The Switzerland-based company behind the Regus and Spaces brand said it was looking to revive its UK operations, which has been hit by a weak property market in London and higher costs related to opening of new sites. "Overall, even taking the potential impact of Brexit into account, we remain positive about the medium to long-term future of the UK market," the company said, adding that 2019 trading outlook was in line with management's expectations. IWG has also seen increasing competition in recent years.
The founder of International Workplace Group (IWG (LSE: IWG.L - news) ), the serviced offices giant which competes with WeWork, is plotting a £2.2bn break-up that could see its property portfolio eventually sold to outside investors. Sky News has learnt that Mark Dixon, IWG's chief executive and biggest shareholder, is drawing up plans to split the company in two in an attempt to unlock hundreds of millions of pounds in value. Mr Dixon, who has been left frustrated by two abandoned takeover processes in the last 12 months, is said to be keen to pursue the break-up plan, which is likely to gain the support of major independent shareholders.
IWG, whose operating profit fell 31 percent in the first quarter, last month abandoned takeover talks with suitors in a move that ended months of uncertainty over the London-listed provider of serviced offices. The group said Daniel was leaving the firm to pursue other opportunities and had agreed to stay at IWG during a transitional period. Daniel, who held the key positions at IWG for almost three years, played an important role in the development of IWG's business in North America, the company said.
For long term investors, improvement in profitability and outperformance against the industry can be important characteristics in a stock. In this article, I will take a look at IWG PLC’sRead More...
IWG has abandoned takeover talks with its three remaining suitors in a move that ends months of uncertainty over the London-listed provider of serviced offices but sent its shares tumbling. The company behind the Regus (Other OTC: RGSJF - news) brand said on Monday it had dropped negotiations with Starwood Capital, TDR Capital and Terra Firma because it did not believe any of them could deliver a deal at a price IWG could recommend to its shareholders.
Starwood Capital Group LLC, TDR Capital LLP and Terra Firma Capital Partners Ltd. have another two weeks to make an offer for IWG Plc, the serviced-office company that owns the Regus brand. A fourth bidder, ...
British private equity firm TDR Capital and U.S. real estate investment group Starwood Capital have been given more time to make takeover offers for IWG , the London-listed serviced office provider. The ...
Serviced office provider IWG warned that profit would be hit by the cost of opening new sites and a weak performance in Britain, rattling investors who have been anticipating a takeover battle for the 2.9 billion-pound company. Shares in IWG were down 2 percent at 317.7 pence on Wednesday afternoon after the London-listed business behind the Regus (Other OTC: RGSJF - news) and Spaces brands cautioned that 2018 operating profit would be 15-20 million pounds lower than management had previously expected. It comes as IWG, which is led by founder and chief executive Mark Dixon, weighs up approaches from four different suitors vying to take the FTSE 250 company private.
Terra Firma Capital Partners is interested in buying the world’s largest operator of short-term office space, owner of the Regus brand, at least the fifth potential buyer to express interest as demand ...
LONDON (Reuters) - British serviced office provider IWG (IWG.L) said on Saturday that it is evaluating a possible cash offer for the company from private equity firm Terra Firma. "The board is evaluating ...
In December 2017, IWG PLC (LON:IWG) announced its latest earnings update, which indicated that the business faced a substantial headwind with earnings falling by -17.87%. Today I want to provideRead More...
IWG Plc (LSE: IWG.L - news) said on Friday that U.S. property investment firm Starwood Capital and British private equity fund TDR Capital will now have until June 29 to make firm offers for the company or walk away. The British serviced office provider, which is in talks with Starwood and TDR, said UK's Takeover Panel granted an extension to the two firms from an earlier deadline of June 8. IWG has been separately approached by Starwood, TDR, U.S. real estate investment firm Prime Opportunities Investment Group and American buyout house Lone Star for a deal.
IWG (LSE: IWG.L - news) shares surged as much as 24 percent after the British serviced office provider disclosed it had received takeover approaches from a trio of suitors, stoking speculation it could fetch a price of $4.4 billion in a bidding war. Best known for its Regus (Other OTC: RGSJF - news) brand, the London-listed company has received separate rival indicative bids from U.S. property investment firm Starwood Capital and British private equity fund TDR Capital, as well as an approach from American buyout house Lone Star. IWG's shares were up more than 20 percent at 304 pence by mid-morning on Monday, having been as high as 311.9 pence.
British serviced office provider IWG (IWG.L) has attracted takeover approaches from three rival suitors, potentially plunging the $3.1 billion company into a bidding war. The London-listed business said on Friday that U.S. property investment firm Starwood Capital and British private equity house TDR Capital had submitted two separate indicative cash bids. Lone Star, the U.S. buyout firm, has also made an approach, IWG said, without giving details of any of the proposals.
British serviced office provider IWG has attracted takeover approaches from three rival suitors, potentially plunging the $3.1 billion company into a bidding war. The London-listed business said on Friday ...
British serviced office provider IWG said on Friday that it had attracted takeover approaches from three suitors, signalling the company behind the Regus brand could become embroiled in a bidding war. ...