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Regus increases takeover offer for MWB Business Exchange

Reuters
February 21, 2013, 12:04 am TWN

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LONDON--British office space supplier Regus PLC SA raised its offer for MWB Business Exchange PLC by nearly two-thirds to about 65.6 million pounds (US$101.5 million), marginally above a bid by Hong Kong-based Pyrrho Investments.

Regus said it would pay 101.0233 pence per MWB share, up from its prior offer of 61.576 pence. MWB shares were trading at 100 pence at 1500 GMT on the London Stock Exchange.

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