FFR up to 0.12 on large buy.
GCY down to 28 on several significant sells, but back to 30.
If you thought the merger would go through you'd buy GCY, not sell it. Or you'd sell FFR, not buy it.
So someone thinks its not going to complete.
Alternatives are:
1. offer not supported by shareholders
2. alternative offer
3. good results to be announced for FFR leading to lack of support by FFR shareholders
Who knows?
Ann: Becoming a substantial holder from GCY, page-8
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