new substantial holder, page-3

From their website

Investment Trust Number 2
The main types of investments in which Trust No.2 will engage are event driven, and include the following:

* takeover arbitrage; (a kind of hedged investment meant to capture slight differences in price)

Guess they just bought below 44c while they could - thus capturing the slight difference in price. Will sell at 44c to make their profit - so no competition to OT holdings here I suspect