water island capital, page-3

Tui yes good news.

Event driven strategies are one of their forte's it seems

Either

1. They're of the belief that taking a stake will give the price a leg up

Or

2. They are highly confident another bidder is about to enter the fray

Or

3. They are acting for a hedge who wants it


Just my thoughts. Could be wrong and nice one with stuart petroleum

Cheers