mdt selling by cohen and steers

In the past month or so, Cohen and Steers ( whoever they are ) sold 10 million MDT reducing their stake from 9 to 8%

They sold at prices from 62c right down to 40c. Their average sale price which I went to the trouble to add up was 49.5c. They also bought a tiny number of shares at 40c in the middle of their selling campaign.

Meanwhile, the holding of Developer Diversified Realty in MDT, has increased to more than 5%

MDT is a co-investor with DDR in the actual property investments. Or something like that.

Now the interesting possibility here, is that if MDT becomes "too cheap", DDR may try to take it over to get control of its properties back at lower prices than what it sold them for. Ask Kerry Packer - every asset trader just loves doing that.

Almost the same scenario as that other Macquarie/USA property trust, Macquarie ProLogis . Remember them ?

Now there would be plenty of investors in MDT who paid 1.00 to 1.10 range, its not broke or in trouble, they would be absolutely spewin to be forced to accept a 70c takeout.


Any comments on this stock ?