Brookfield and Onex eyeing takeover of WeWork rival
The Real Deal – New York
Shares of IWG, formerly known as Regus, climbed 30 percent Wednesday after the company confirmed that Brookfield Asset Management and Onex made an “indicative proposal” to take the company over. IWG said there was “no certainty” that the two Canadian private equity firms would make an offer, nor what their terms would be, the Financial Times reported. But the company’s shares soared on Wednesday in London, a substantial turnaround for a company that lost almost a third of its value on a single d…