TBEWeekends are often the time when deals are done so maybe...

TBE
Weekends are often the time when deals are done so maybe there was a sense of urgency by interested parties to build a significant stake. After lagging a little in the last few days the volume traded crept up a little today but more importantly the stock is trading only 1 cent off its offer price. This indicates to me there is confidence building that a revised bid is imminent or more signifiicantly (but probably less likely) a rival bidder is about to emerge. Generally the signs are there that a deal will be done and although this stock hasn't been overly "leaky" in the past I've yet to be involved in any takeover when there isn't highly suggestive trading of some being in the know. Unfortunately it remains a guessing game for us but the signs are improving.