BGH boss used to be in TPG..so he was probably all involved in the old attempt to takeover GXL. Now with his newly raised money, they have 20+ people working on various potential deals.
If any of the suitors could sign up the major substantial shareholders to back the offer, there's a higher chance of success of a takeover. It's possible to see news fundies selling their stake to the suitors at close to the offer price and that's when we'll see another sharp rise in share price.
GXL Price at posting:
$4.54 Sentiment: Buy Disclosure: Held
