Business Services Industry
FrontLine Capital Group Announces Termination of Discussions Regarding Potential Acquisition by Regus plc
Business Wire, June 7, 2001
Business Editors
NEW YORK--(BUSINESS WIRE)--June 7, 2001
FrontLine Capital Group (NASDAQ: FLCG) (FrontLine) announced that discussions regarding the potential acquisition of FrontLine and HQ Global Holdings, Inc. by Regus plc (NASDAQ: REGS) (Regus) have been terminated.
The management of FrontLine will continue to pursue its strategy to allow shareholders to share more directly in the value of HQ Global.
About FrontLine Capital Group
FrontLine Capital Group (NASDAQ: FLCG) is a holding company, with two distinct operating units: one holds FrontLine's interest in HQ Global Workplaces, a leader in the officing solutions market with 460 locations across 19 countries, and the other holds FrontLine's interest in a group of companies which leverage the Internet to provide a wide range of services. For more information about FrontLine Capital Group, please visit http://www.FrontLineCapital.com.
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