Harwood Capital is considering a bid for GYG (LON: GYG) that is lower than the original placing price fewer than three years ago. The possible offer for the superyacht painting and maintenance services provider is 92.5p a share in cash.
Harwood has been building up a stake in GYG and has reached 20.6%. Lonsdale Capital Partners sold a 16.8% stake on 18 January and Oryx International Growth Fund, which is related to Harwood, bought 16.65%. That was the first purchase by Harwood.
The share price had been around 70p at that time. The GYG share price rose to 87p prior to the possible bid an...
