There is a plausible rumor, which i do believe considering the source, that a major is accumulating. Yet we continue to drift lower? Even in a down market, this intuitively defies logic to me. Can anyone explain this logically?

Additionally, if anyone here thinks current management is helping the accumulating major to hold down the stock, why would you ever invest in a company who's management would do this? Management should be making the major pay as much per share as warranted by the open market. The higher the price the better when a final offer for the whole company is made. All of this is very counter-intuative to me.