RE:Wow, Kingsferry and Turtle Creek both went under 10% over the previous 2 months, so I am pretty sure They are part of this, They had a lot of shares and are doing some profit taking.
I tendered some just to see if I would get a Christmas Present. For me its about taking some overall market risk (not just HCG) off the table.
wildrunner11 wrote: So, only 53% of share will be tendered at $34.15. So since full uptake of 4,392,386 shares this means app. 8,287,520 shares were tendered at 34.15.
IMO, with the recent run up in price some of the funds must have used this opportunity to rebalance their portfolios, as HCG would likely be heavy weighted.