Regus ups offer in MWB bidding battle

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The Independent Online

Regus, the global office supplier, has lifted its offer by nearly two-thirds to £65.6m in the bidding war to acquire troubled rival MWB Business Exchange.

This was marginally above the £65m offered by Pyrrho Investments.

Regus, which provides office space in more than 100 countries, said it would now pay 101p a share for each of MWB's, a significant premium to its previous offer of 61.6p a share back in December.