Quote Originally Posted by Preston View Post
Hi Winner,

Just a question here on the methodology behind this fund selling.

If they have made such great gains with this position, is this selling that we are seeing by Devon et al merely an adjustment of the risk in their portfolio? I haven’t been involved in a takeover before, is this also another issue where possibly capital gets tied up and trading halted on the stock until a deal has been made?

cheers

preston
Could well be just a reweighting / reallocation exercise

But selling started the day the $7 offer was announced

They still have over 5% so might be doing a Beagle