Regus confirms it is in talks to buy HQ Global Workplaces

Regus Group plc said it has noted recent press speculation about a potential acquisition of HQ Global Workplaces Inc and confirmed it is in talks to buy the company for up to £190m.

'The board is considering a range of proposals in respect of financing for the potential acquisition,' the company said.

Regus added that no definitive agreement has been reached and there can be no certainty that agreement will be signed.

On May 18 2004, the company reported that trading was slightly ahead of expectations for the year to date. 'The company´s progress remains firmly on track,' it said.
Source: Freeman News

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