Ebiquity Takeover Rumours (EBQ)

I'd go with 2) The funds seem split as well with Perpetual selling, but FIL and BGF buying. Runben Schreurs (Ebquity Chief Strategy Officer) sold over 1% in 20/3/24 RNS so looks like he saw nothing at that time which would give an imminent share price break out. However, a takeover bid or industry deal is always possible.