Before this discussion also gets out of hand, do people...

Before this discussion also gets out of hand, do people understand that JP Morgan wears many hats?
"JP Morgan Nominees" is listed at 3 and 5 in the top 20 on the SDL share register.
To clarify this for some people who have obviously misunderstood this - JP Morgan Nominees hold shares as nominee, or on behalf of, someone else - usually as custodian for an institutional investor or it could be a large super fund/managed fund. JP Morgan therefore does not have a direct financial interest in the shares held as nominee. They also act on the instructions of the underlying investor as to whether they buy/sell/accumulate at any point in time. They do not necessarily, and generally don't, have an advisory relationship with the underlying investor.
This explains why they are listed twice (at 3 and 5) on the share register under the same name, its because they represent two separate holdings for two totally separate underlying investors.
So JP Morgan (the investment bank) adding SDL to its list of top takeover targets needn't necessarily have self interest in stating this.