I am not sure. Someone could have just stopped short of the reportable 5%. Also, if I wanted to T/O a company, I would buy shares in it and, then, let the sp settle down, before making a move. The sp has had a good run, so I would let it settle down a bit before making a T/O offer, which would then be at a lesser premium. Having said this, I am not an expert as I am yet to execute my first take over. I will not be taking over IGR, though. I am short of funds ;-). Regards, Dratoz
IGR Price at posting:
28.0¢ Sentiment: ST Buy Disclosure: Held