Prime Opportunities Investment Group, one of four groups considering bids for IWG (IWG.L), has been granted more time to make a firm offer or walk away from the London-listed serviced offices provider, the FTSE 250 company said on Tuesday.
The U.S. group now has until 1700 London time (1600 GMT) on July 21 to decide on a deal for IWG after Britain’s Takeover Panel extended a deadline that was due to expire on Tuesday. Rival bidders Starwood Capital and TDR Capital face a June 29 deadline and Terra Firma must declare its intentions by July 21.
Source: https://www.pehub.com/2018/06/prime-opportunities-given-more-time-to-decide-on-iwg-bid-reuters/
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