You are absolutely right. This issue touched a raw nerve yesterday as per the outburst from a usual suspect (derserving no response).
Even though Sundance is the taregt of the litigation (it is the People's Republic of China that has everything to lose).
The potential for litigation is very real. Even the SDL board flagged the commercial and LEGAL implication of a reduced offer price by HanLong (as per the AFR during the negotiations).
The hedge funds should sue the arse of teh Sundance board (in turning up the heat on the Chinese).
SDL Price at posting:
36.5¢ Sentiment: None Disclosure: Held
