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Regus Merger Talks Off

LONDON-Talks between service office operators Regus and HQ Global Workplaces have collapsed.

By Graham Parker | Updated on June 08, 2001

LONDON-Talks between service office operators Regus and HQ Global Workplaces have collapsed. In a terse statement to the London Stock Exchange and NASDAQ Regus merely stated that discussions had ended. But press leaks and a slump in the Regus share price are thought to lie behind the move.

Mark Dixon founder and Chief Executive of Regus had hoped to increase the company’s presence in the lucrative US market by buying Frontline Capital Group, owner of its biggest rival HQ Global Holdings. But shareholders gave the acquisition a resounding thumbs down, pushing down the Regus share price to a record low of 202p once news of the merger talks leaked out.

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