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GYG mulling possible takeover offer from Harwood Capital
StockMarketWire.com
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Super yacht maintenance company GYG said Harwood Capital, one of its major shareholders, was in the preliminary stages of evaluating a possible 92.5 pence per share cash offer for the company.
The possible offer price represented a premium of approximately 10.78% to the closing middle market price of 83.5p a share on 8 April 2021.
Under market rules, Harwood Capital is required, by no later than 5.00 p.m. on 7 May 2021, either to announce a firm intention that it would make an offer for GYG or to walk away.
At 9:10am: (LON:GYG) GYG Plc share price was 0p at 69.5p
Story provided by StockMarketWire.com
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