Back on December 20th, the notice of a cash offer from Regus (through its wholly owned subsidiary, Marley Acquisitions Limited) was announced. OfficingToday has learned through its sources that the deal is closer than ever, as it’s been posted to Business Exchange Shareholders today. The offer price stands at 61.576 pence per ordinary share of 0.1 pence each in the capital of Business Exchange. The offer will remain open until 1:00 p.m. February 20th, 2013.
Our take is that this will happen and quickly. What does this mean? It virtually cements Regus’ standing as the largest serviced office corporation in the world; seconded in the U.K. by, you guessed it, MWB. We all expect Regus will continue on its acquisition marathon. You’ll recall OT recently reported Regus’ acquisition of Corporate Office Centers and we’re hearing rumors that there will be more U.S. action coming.
What is your take? Is Regus really over the top with this? Will it make them a more formidable competitor? Will their size weigh them down? Will it get the indies moving into attack position? Yours to call.
Never a dull moment — we like it that way! Do you?