IWG confirms approach by consortium

IWG has confirmed it has received an indicative proposal from funds managed by affiliates of Brookfield Asset Management and Onex Corporation or its affiliates regarding a possible cash offer for the company.

IWF aid there could be no certainty that any offer would be made for the company, nor the terms on which any offer might be made.

The consortium has until 5.00 p.m. on 20 Jan to either announce whether or not it intends to make an offer.