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IN BRIEF: GYG suitor Harwood has longer to announce offer plans

Fri, 07th May 2021 19:14

GYG PLC - yacht maintenance company based in Palma de Mallorca, Spain - Gives Harwood Capital due diligence access amid possible takeover bid. GYG as a result requests Takeover Panel give extension for Harwood to announce intention to make firm offer. "The Takeover Panel has granted, an extension of 28 days to the deadline for Harwood Capital," GYG says. Harwood now has until close of play on June 4.

Current stock price: 86.70 pence

Year-to-date change: up 25%

By Eric Cunha; ericcunha@alliancenews.com

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