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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.
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