Yeah those are a real mystery. If one entity, I think they have accumulated about 8-11 mill shares. They will have to fill out the new substantial holder form at 12.55 million or 5% thereabouts.
Maybe it's a couple of buyers in which case we may not find out who they are. Some say it's a hedge fund speculating, can't really understand that though.
Might be a counter bidder preparing for a bid, by accumulating stock and preventing & from buying on market, as 7 is only allowed to buy at their bid price of 45c or lower according to the corp act.
UNW
unwired group limited
