ann: cba and barclays both reduced holdings, page-25

Bikenut1,

Even if what you said were all true, that according to your observations "UBS always increased stake before a takeover or other corporate play in a particular company" and that "UBS will head a syndicate to refinance CNP", then why should UBS have to buy 29,935,686 CNP shares at ~$6/share and become a significant shareholder on 10/12/2007, just 2 days before CNP's price crashed to ~$1?

Would that money around $150m UBS has lost in the transaction possibly be compensated, even if UBS would "head a syndicate to refinance CNP", whose total market cap is less than $1000m now?