Argo extends at GC32 Racing Tour:
Villasimius, Italy (June 30, 2017) – Realteam rose to second overall behind the hard-to-catch Team Argo on day three of the GC32 Villasimius Cup. However, it’s the Owner Drivers that continue to make the running in Sardinia.
Race 5, the first race of the day, got underway with a conventional upwind start in seven knots of breeze. Mamma Aiuto! was the early leader, Naofumi Kamei continuing to prove that often the Owner Drivers can be the equal of the professional drivers. Realteam was only fifth around the top mark but as crewman Lucien Cujean explained, they adopted a different tactic on the downwind leg.
West Marine sold to investment firm:
West Marine and Monomoy Capital Partners, a New York-based private equity fund, announced they have executed a definitive merger agreement under which a wholly owned affiliate of Monomoy will acquire all of the outstanding shares of common stock of West Marine at $ 12.97 per share in cash, which represents a total equity value of $ 338 million. This price represents a premium of 32% over the 30-day average performance of West Marine’s stock price reported on NASDAQ. Full report….
Full Article: Scuttlebutt Sailing News – West Marine sold to investment firm, Editor