3,463,000 million insider shares sold yesterday. I can't see exactly who it was yet (I guess there is a few day grace period) but when it is revealed it will likely explain the SP being supressed.
Of course, the offer is not bonafide yet which could also explain the disparoty between the SP and the offer price. Arbitrage traders should eventually close this gap but things are not adding up as they should.....
I'm feeling very leary of this deal right now myself.
Insider Selling
Mysterious Fund making the offer
Offer is not yet Official
Croc has released seemingly only bad news up until today for some reason. Seems like they wanted the SP low.
I'll be sticking around for a few days to feel this out but my finger will be on the trigger, just in case. Never hurts to sell half even though I rarely do.