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IWG receives takeover offer from Brookfield Asset Management, Onex

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IWG receives takeover offer from Brookfield Asset Management, Onex

Confirming recent media speculations, IWG Plc said it received an indicative proposal from funds managed by affiliates of Brookfield Asset Management Inc. and private equity group Onex Corp. regarding a possible cash offer for company.

IWG, which said in October that it expects group operating profit for 2017 to be "materially below market expectations," noted in a Dec. 23 filing that there can be no certainty that any takeover offer will be made for the company.