"There was no churn. That is a myth."
Please Z, now you hanging that out there with no backup!
Can you just confirm that you can show >70% of all CDU holdings actually changed hands on that day? Better yet please include the final T+3 day positions outcome for varasity.
PS: Here is a hint, work with the chunky bits first eg - Top 20 held > 40 % just prior.
kohler on cdu v rex v sandfire, page-42
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