Shares in IWG , formerly known as Regus , dropped 14.4 % after a consortium abandoned its takeover bid . Shares fell 3.4 per cent, or 29p, to 822p. Canada 's Aberdeen Asset Management and private equity firm Onex put in a £ 2.5bn ( $ 3.5bn ) bid for the company in December , but it was turned down for being too low . Now the consortium has dropped its pursuit , leading to the reduction of 38.3p to 227.3p .
Shares in IWG , formerly known as Regus , dropped 14.4 % after a consortium abandoned its takeover bid . Canada 's Aberdeen Asset Management and private equity firm Onex put in a £ 2.5bn ( $ 3.5bn ) bid for the company in December , but it was turned down for being too low . Now the consortium has dropped its pursuit , leading to the reduction of 38.3p to 227.3p .