Todays SP was nothing to do with people buying to sell into the bid as the volume in the two stocks showed it was not an arbitrage. The volume was approx 5% of the issued capital of IPM, so could it be someone buying for Cooper or someone getting ready for a higher bid. Next two days will be interesting.
Also, those wanting to buy IPM to take advantage of the cooper bid need to do it by Tuesday as one needs settle to loadge them into the bid by Friday
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