Indigo Capital LLC has revealed it sold 13.5m of Regus shares earlier this week despite intimating an interest in bidding for the office service group on Tuesday.
The sale sees Indigos stake fall 2.3 percentage points to 12.79%.
The revelation is likely to call into question the belief that the US venture capital group is preparing a bid although the Financial Times yesterday maintained Indigo was preparing to make a 35p-a-share offer provided Regus sorted out the US operations. The Takeover Panel is poised to investigate unusual trades in the shares. Indigo is expected to make a statement today. Regus fell 1p to 22.75p.
Financial Times 09/01/03 page 21
The Guardian 09/01/03 page 23 (Market forces)
The Times 09/01/03 page 27, page 28 (Commentary & Need to know)
The Independent 09/01/03 page 19
