One of many possible guesses:scared: Ok if you follow that rationale WHS jewellery sales will be cutting into both Michael Hill and Pascoes and Farmers Jewellery dept but at the lower end. So theoretically Pascoes could influence WHS so they re-align so no more comparable items. OR maybe they want to get rid of competition and believe that a 5% holding may buy some influence? OR maybe Pascoes ...oh I give up...too many possibilities to even think about. Takeover? Who is taking over who? Someone being assimilated? Pascoes has lots of employees and real estate so doubt whether they will be selling out and closing but there has to be something going on there with all the common products etc.