The most probable circumstance is WBA is not firstly wanting to keep selling on market......
They would be currently shopping around this cornerstone stake in TGR most likely to industry players, possibly overseas.....
If that fails, then they will sell to an institution at a discount and the insto will most likely try to drain most of it on market........
I had a stock like this once........ANE.......The 20% holders wanted to get out and patiently waited to sell to an industry player......happened to be the useless company Gunns......which then used the stake to launch a full takeover bid at about an 80% premium!!!!!! It was good to be an ANE shareholder, and gees, it continues to suck to be a Gunns Shareholder!!!!
TGR Price at posting:
$1.75 Sentiment: None Disclosure: Held
