Ann: NDRC Provisional Approval , page-15

That's it doudou, post some more inane drivel without addressing the post.

Of course holders are going to want as much as they can get for the share, but if no one steps up and makes a counter-bid after a 'reasonable price' has been decided upon, then all of these other possible suitors are telling you that SDL is not worth more than that agreed price afer considering all circumstances. Do you comprehend? BHP, RIO, Xstrata, Glencore, POSCO, Tata, will all have an opportunity to make a counter if they so wish, and if they don't, they are telling you that they don't value SDL above the Scheme price after taking into account all circumstances. It doesn't get much simpler than that.

As for independent expert reports, I think you should do a little reading as to what they take into consideration when making their judgement. These reports don't just take into account financial modelling, and can actually be found to be reasonable without being fair.