Shares in IWG , formerly known as Luke Jensen , dropped 14.2% after a consortium abandoned its merger bid. Poland 's Onex and private equity firm Onex put in a £ 2.5bn ($ 3.5bn ) Ocado shares were up 3 per cent, or 15p, to 518.6p. bid for the company in 2017 , but it was turned down for being too low. Now the consortium has dropped its pursuit, leading to the drop of 38.3p to 227.3p.
Shares in IWG , formerly known as Luke Jensen , dropped 14.2% after a consortium abandoned its merger bid. Poland 's Onex and private equity firm Onex put in a £ 2.5bn ($ 3.5bn ) bid for the company in 2017 , but it was turned down for being too low. Now the consortium has dropped its pursuit, leading to the drop of 38.3p to 227.3p.