LONDON (Reuters) - Prime Opportunities Investment Group, one of four groups considering bids for IWG (L:IWG), has been granted more time to make a firm offer or walk away from the London-listed serviced offices provider, the FTSE 250 company said on Tuesday.
The U.S. group now has until 1700 London time (1600 GMT) on July 21 to decide on a deal for IWG after Britain's Takeover Panel extended a deadline that was due to expire on Tuesday. Rival bidders Starwood Capital and TDR Capital face a June 29 deadline and Terra Firma must declare its intentions by July 21.