Takeover, page-35

What we have seen today is a number of ST holders happy to take the $ and use these funds in a hot market.

a lot more willing to sell than those considering
1) A rival offer
2) that the Bid is totally inadequate

UAC the winners for now. Would have much preferred high 80’s from the market to signal the bid is inadequate, or a high possibility of a rival entering

they may have been in the market at 80 and below increasing their holdings.

next the hedge funds and scalpers come in just above the offer. They are happy enough with a few % gain.


early days