I agree that the this deal is quite different from Sundance, particularly in size. However, the collapse of the Sundantce deal puts a question mark over all Chinese take overs at the moment. The change in leadership has altered the landscape in ways that are hard for outsiders to tell.
Having said that I think the probability is good that the deal will go through. There is a large risk premium because of the perceptions of increased risk as well as the (small but real) increased risk after the recent delay. -- My advice is free and worth every cent.
EOC Price at posting:
31.0¢ Sentiment: Buy Disclosure: Held
