I was just wondering if China couldn't afford to give up SDL's treasure as many of the posters have said, could they now just buying SDL at sub-20c (even sub-15c)? Two of their big I/O players (or through nominees/Chinese banks) just buy 20% each. Combined with Hanlong stake, the Chinese would have more than 50% of SDL. That would definitely deter any non-Chinese potential JV or T/O. Then the Chinese make a low-ball offer, say 25c. You can't stop SDL being taken over as the combined Chinese stakes are more than 50%, thus fully control the YES vote. They can steal SDL in this way, can't they?
Or am I missing something?
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could this strategy work?
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