UK: British Mohair Bid Values Yorklyde At £5.74m
Following several weeks of speculation, British Mohair Holdings Ltd yesterday made a 55 pence per share cash offer for fabric and accessories manufacturer, Yorklyde Yorklyde Plc, valuing the company at £5.74 million. The offer was triggered after BMH extended its stake in Yorklyde from 28.26 per cent to 58.24 per cent - which took it above the threshold at which it is required to make an offer.