In last 6 months SDL has been promoted as a hold and/or buy stock with the major analysts. Predicted trading range between 0.60 and one buck $1.00.
It's reported that "hanlong" are cashed, and have exposed their aquisitive agenda over the last 3 months. Clearly they are genuine and opportunistic and now need to show their masters that they can achieve a takeover.
The SDL Board is in that classical vexed position of being offerred ongoing roles with newco and maxing SP for existing holders. A 25% premium off these lows is a no brainer and should not mitigate the true value of SDL.
Nothing is more certain than the SDL board cannot give away this asset at 50% discount to "Fair Value" without at least employing a proper ROE and potential for holders.
I cannot recall who is acting on our behalf ( the owners and Shareholders), I would be comforted by a JP Morgan/Goldmans/UBS taking a kicker to obtain a proper sale value. An Incentified outcome from the investmet bankers produces results and would prevent a fall over of a clearly a undervalued takeover. " keep the bastards honest"
Lets wait to see who has been mandated to value the offer and thier analysis. I assume they will not sell the stock short "visa'vi" for their short term fees.
Make a noise contact the board ZOne is that thier is more money in taking wages,options etc; rather than being a plain vanilla owner ( Shareholder), who just simply provided the capital for the company to exist.
Regards
SDL Price at posting:
49.5¢ Sentiment: LT Buy Disclosure: Held
