Reflecting on the heavy accumulation volumes that have gone...

Reflecting on the heavy accumulation volumes that have gone through with the consequent "coming out" of VPE telling the market that they have taken a stake in ITC, what do the holders of ITC think will be ahead in the days/weeks to come:
a) VPE only wants a strategic stake and no more
b) VPE will mount a take-over
c) A third party (who most likely???) also acquires a strategic stake
d) A third party will mount a take-over for ITC
e) Any other scenarios that might play out ??
TIA for comments.
wasa