Could be that the low level of take up of the offer by existing shareholders has sent negative messages about how much support this stock can expect?
Could also be a fear that there will be far more MDT/EDT paper than the market really wants due to the offer? In respect of this maybe it is good that half the shares are tightly held - may reduce the impact of the number available on the market next week.
I have my fingers crossed but the current poor SP performance after the stabilisation is not a good sign!
MDT Price at posting:
5.2¢ Sentiment: Hold Disclosure: Held
