"why are peoples sellings at 35 cents when the takeovers price is 45 cents?"
A lot of people would be cementing a profit (no matter how small). They would find too much risk in waiting a few months for 45c. No firm confirmation of CDB funding is holing the price back imo, if funding was certain then the sp would be trading closer to 45c (41c-44c)
Still a few more boxes to be ticked for this saga to de-risk further.
Only after the boxes are ticked (Conventions, CBD funding are the big two) will we see another bidder arise IMO.
Market is still factoring in some uncertainty.
SDL Price at posting:
35.5¢ Sentiment: Hold Disclosure: Held
