Flexible workspace group IWG has again been granted an extension by the regulator in its takeover talks with Starwood and TDR.
The private equity firms have until 21 July to announce a firm intention to make an offer for IWG.
Starwood and TDR were previously given an extension on 8 June, giving them until today to make an offer.
See also: Why is private equity going nuts for IWG?
The FTSE 250 company previously received an approach from Lone Star, which pulled out on 5 June. This followed an approach by Los Angeles-headquartered family office firm Prime Opportunities, whose bid was rejected.
However, Prime Opportunities said it was still considering the possibility of making an offer for IWG, and it was also given an extension to its deadline to 21 July.
Earlier this week, Guy Hands’ Terra Firma joined the race to buy IWG. It also has until 21 July to make an offer.
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