With UBS and Credit Suisse increasing their holdings to 5% plus,...

With UBS and Credit Suisse increasing their holdings to 5% plus, a new top 20 would be very interesting to see. If they have acquired their additional shares on market its possible that retail investors or those outside the top 20 might not hold much more than 10% of the company which means we will have very little say in the outcome of the takeover jostling.

ANZ