I'm inclined to think it was more knee-jerk speculation rather than informed buying.
CUB's January Proxy indicated Walter J. held something like 38% of outstanding shares in trusts and a charitable corporation under his sole control (I believe that was the exact wording). I assume that he was a control freak, and has dictated from the grave regarding future company ownership. Perhaps in his wisdom he opted for monetization of those assets; perhaps he couldn't abide unknown parties acquiring his life's work.
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