The block of shares held by talbot group have been rumored to be going up for sale for quite some time since Ken's accident.
Why would his family want to keep 16% of a company that is attached to his death and the reason he died in the first place....think about it.....
besides, he left them collectively , nearly 1 billion in cash, property and stocks....like they even care if they sold for 193mil or 216mil which is what that block is valued at today, give or take.
either way, the block was snapped up by a company that has serious money to invest and has connections to china inc. so its all good as far as i am concerned.
as for the discount, its to be expected for such a large parcel of shares.
all in all i am happy to hold and upset i did not have time at work to top up at .38 this week due to work.
onwards and upwards is where we are all going.
good luck to one and all, except the shorters.
peace.
SDL Price at posting:
49.0¢ Sentiment: Hold Disclosure: Held
