Agreed Bretzki. There is far too much stock movement in the market prior to announcements, not just on SDL, but many other stocks for information leakage not to be occurring. I would have thought formal takeover offers would need to be announced, but perhaps there is some play for the board to tell them to go away and sharpen their pencils a bit before coming back with something up to standard. I would understand they would not want anything getting out and then falling over, as per the GBG attempt. Personally I would rather them take it to production and push the SP over $4, rather than take the $1 now. Traders will have another opinion obviously.
SDL Price at posting:
26.5¢ Sentiment: Hold Disclosure: Held