cinven were going to sell their holdings
I think it was more a case of Blackrock kicking the tires of buying cinven's shares. they came off the lockdown at the end of February but CRX has a say in how they get flogged. I bet that Cinven was considering a price for their whole block at a lower price than CXR liked and so the issue of more participation up to even the whole thing was tossed about in meetings. I bet they were looking at $US 35 to US$40 or so sale to Blackrock. this would help explain the run up to that level last month after the lock down expired. but then again, who knows?