Makes little sense to sell prior to takeover - if it was done to give someone a substantial holding, they could be accused of insider trading.
Possibly he has a lot of debt that he wants to repay before interest rates go up? And just get more free shares and options from the company over coming years.
Ann: Goodman Family Holding , page-10
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Last
$34.58 |
Change
-1.860(5.10%) |
Mkt cap ! $65.67B | |||
| Open | High | Low | Value | Volume |
| $35.55 | $35.66 | $34.58 | $121.7M | 3.493M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 660 | $34.54 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $34.73 | 660 | 4 |
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| GMG (ASX) Chart |