IWG 'undervalued', says boss

Investors took fright yesterday after serviced office provider IWG - formerly known as Regus - cut all takeover talks with three private equity firms. The shares sank 20%.

Boss Mark Dixon told Today that the negotiations were taking too long. "It was a very intense process... It was a distraction," he says.

Mr Dixon says the bid interest shows that the company he founded - and in which he still owns 25% - is undervalued.

So why does he not take it private? "We have considered very possibility," he says.