I was thinking that if they found LYC so appealing they could first have quietly built up a significant shareholding (at quite a discount to intrinsic value) before making any announcement. That has been Buffett's approach with a number of the companies Berkshire has taken over in years past.
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$71.23 |
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71.250 | 1355 | 2 |
71.260 | 3931 | 1 |
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