glenstrata bid for sdl ?

Latest News is GlenStrata is a DONE DEAL in all but name.

As I maintained, if a level playing field is maintained by the Africans regardless of whether the Chinese or Western interests acquire, I can't see how mighty $90B GenStrata not throw it's hat in the ring for a massive long-life low-cost resource that is PRIORITY 1 in teh combined corporate objective.

Does GJ really have a trump card ? or is he just bending over forward for the Chinese as many speculate ?

As per ASX rules, the SDL board MUST declare counter bids.

Problem for China (as it may now realize after unwisely low-balling an already low-ball bid in the most shameless opportunistic manner is if a superior competitve bid(s) is received (regardless of African collusion with the PRC to frustrate competition), then shareholder rejection of Han Long will CERTAINLY only increase (further antagonizing the share holders and exposing Chinese treachery and deceit).

Have fun. Back after suspension.

http://seekingalpha.com/article/856591-90-billion-glencore-xstrata-powerhouse-to-go-ahead-after-increased-offer

The Glencore-Xstrata merger comes at a time were the two companies are putting iron ore at the top of their post-merger to-do list, building up the one key commodity where they are all but absent. Iron ore has become a major contributor to diversified miners' profits, making up between 40 and 70% of earnings at Anglo American (AAUKF.PK), Rio Tinto (RIO) and BHP Billiton (BHP).

Traders and banks are piling in, due to large physical trading volumes alongside increasing trade volatility, and China's and India's appetite for steel as they expand cities, power lines and rail links. In a sign of its intentions, Glencore in January decided to put iron ore into a separate business arm. It seems Glencore's traders have been given a clear indication of the aim: build coal, part II.