in the absence of a superior proposal, page-60

Richrichie, most LIKELY I think the hedge funds will have struck a deal with HanLong (via the SDL board) before we get to vote (our votes won't matter in that scenario).

Either, the hedge funds sets a floor which HanLong has to meet (with a revised offer before the vote) or the hedge funds accept the 45 cents bid. If the leaks as per the AFR quoting SDL senior management back in the weeks of the negotiations, the hedge funds then objected to anything other than a "cosmetic few cents a share cut" has MUCH LESS a reason to settle for less now.