This from Morningstar (with a hold recommendation)
"We don't believe arbitration regarding the Publishing Licence Agreement, or PLA, poses a material threat to the transaction"
http://www.morningstar.com.au/Stocks/Research/20161107/SAI
Also (in the same article):
SAI Global’s directors have recommended shareholders vote in favour of the scheme, in the absence of a superior offer, and the independent expert concluded the scheme is in the best interests of shareholders. We don’t expect FIRB to block the transaction as SAI Global only has a licence to monetise Australian standards with ownership residing with Standards Australia. SAI shareholders will vote on the scheme at the scheme meeting on 5 December 2016. If all approvals are met, funds will be paid to shareholders on 23 December 2016.
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Ann: New Arbitration over PLA renewal process, page-4
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