By betting the acquisition will succeed, traders now stand to...

By betting the acquisition will succeed, traders now stand to reap a 31 percent profit, according to data compiled by Bloomberg. While Sundance has retreated on speculation that the deal may face delays as both Sundance and Hanlong seek approvals from Australia, Cameroon and the Republic of Congo, CLSA Asia- Pacific Markets says the Chinese government’s economic ties with the two African nations will help bolster support for the A$1.36 billion ($1.4 billion) takeover.

“The deal will be completed,” said Michael Evans, Sydney- based analyst at CLSA. The negotiations between the companies and the governments involved are “more advanced than the market or the share price is suggesting,” he said.