Ann: Cardno Demerger Scheme Booklet, page-2

OK anyone notice last Thursday after the market closed 3m shares crossed at an average price of $1.9.

This is much more volume than a typical day but surely an interested party could acquire a parcel like this for much less money if they were patient.

Any explanations, hedging transaction?? It seems bizarre.

I see Crescents holding has increased in this document to 50.4% but don't think the two things are correlated. Unless this was the buyback but with no notice?