epn holds 47.8% mdt, page-4

Really hard to know why!

Could be that the low level of take up of the offer by existing shareholders has sent negative messages about how much support this stock can expect?

Could also be a fear that there will be far more MDT/EDT paper than the market really wants due to the offer? In respect of this maybe it is good that half the shares are tightly held - may reduce the impact of the number available on the market next week.

I have my fingers crossed but the current poor SP performance after the stabilisation is not a good sign!