YES, I think so. NAB sold its holdings just before the takeover bid announcement and than bought back at a higher price after the announcement. That indicate to me that NAB knew the takeover is more or less serious, and expect Shell/PetroChina to upgrade the price in very near future. Fingers cross !!!! Another 20% increases of the offer price looks sensible.
nab substancial shareholder 3/3/2010, page-4
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