baycorp sale, page-9

Found an article on OCP/HCI:
http://www.smh.com.au/business/anz-tosses-the-dice-with-oceania-share-sale-20110711-1hap2.html#ixzz1SPofQwrP

On the ANZ sale:
"ANZ ended up owning 24 per cent of Oceania in late 2008 as a result of an investment company belonging to Melbourne's Liberman family, LJCB Investments, defaulting on a loan."

When ANZ took over the stake the SP was below $2. I think they are taking the opportunity to exit the position and are not prepared to wait for the eventual wind up of OCP. They are after all a bank and not a 'true' long term investor in the company. This is an oportunity to buy stock from them cheaply.

With 20% of the company I don't see HCI doing anything but agitating for wind up/sale but management are doing that anyway