US private equity company Lone Star has walked away from a potential takeover of Regus owner IWG, announcing that it does not intend to make a formal offer.
It emerged last month that the investor had made an approach to buy the serviced office provider amid a flurry of interest. But on Monday it said that it had ceased the process, although it did not disclose the reason for pulling out.
IWG has been subject to an unprecedented number of potential takeover bids in recent months.
