"Thundelarra has recently been shopping around its 13.3 per cent stake in United, yet its executive director, Brian Richardson, told Insider his company had not been approached by any party looking to use the stake as a launching pad for a bid."
Seriously, is Richardson likely to tell a reporter 'Yes, we have been approached and are in discussions in relation to sale of a substantial equity position in UMC, I know I shouldnt be telling you this as UMC are in a trading halt, but I trust you'.
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article from the insider, page-16
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