i have a good knowledge of financial matters and use Market Eye on real time ......however i cannot work out what is happening in the market re P&O shares.
each day there is massive selling ,both in number of individual sales and the aggregate value , at a price well above the takeover price. such sales are much much higher than 'Buys'!!
who is buying those shares ....it cannot be the takeover entity as the rules do not allow buying above the takeover price.
it cannot be the SINGAPORE intruder or a concert party thereof as the movement upwards above the SINGAPORE current holding would have to be immediately, each day, declared to the market.
it could be a speculative hedge fund buying in the hope of the SINGAPORE entity making a higher offer.
it could be a fresh party wishing to create a blocking operation to the takeover....P&O was founded by Royal Charter so once 90% of shares are aquired the remaining 10% cannot be purchased by force.
is a market maker buying in shares for their book ...if so "why"
learned opinion will be welcome as i hold a substantial number of the shares

just after close of trading to-day a conditional bid has been intimated from the SINGAPORE entity.
hopefully there will be a lively auction between the two bidders - each have a very very deep pocket