Northroo, you have obviously got no knowledge on M&A strategy and how the Chinese do their dealings. Let us wait and observe the proceedings shall we.
All the directors and their families have to do is to agree to dispose their holdings to the their company via an agreement and we have Hanlong [i.e. the company] have a higher stake.
This is why companies that decide to do a hostile takeover actually contact the substantial shareholders for an agreed upon price. They try to purchase as many shares as they prior....
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"If directors of that company bought shares before the company made a takeover offer was announced and had knowledge of this takeover offer at the time of purchase..."
erm....obviously the directors of the company had knowledge of the takeover offer...it would be silly to think otherwise.
SDL Price at posting:
37.5¢ Sentiment: None Disclosure: Not Held
