Once the SDL board sends out the letter that says "we recommend share holders to reject the bid and take no further action until further notice"... the combined board, hedge funds and retail share will be massive.
In every single takeover transaction I have experienced (I have quite a few - trust me), everytime that happens, the sp rose.
Han Long is a poor student of Sun Tze.
...Bai Jin Bai Shen...
They obviously don't know themselves (weak and must go limping back to SDL) and Sundance (who holds the ace - what China desperately needs).
SDL Price at posting:
33.5¢ Sentiment: None Disclosure: Held