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 ...
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