If this insider trading is confined to a few individuals within Hanlong and their related entities, what effect will it have on the bid as a whole? I'm not seeing the connection between a few individuals within Hanlong getting greedy, and the company's bid needing to be withdrawn or some such action. Why would the bid be effected? Is there some legal basis that says the bid needs to be withdrawn? Will Hanlong's private owners now not want SDL, and lose their $200m+ already invested?
Asking for some analysis here please, not the panicked posts seen so far today.
I wouldn't have thought that the actions of a few employees would mean that the whole bid has to be scrapped.
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some analysis please
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