Will noteholders extend the ANS acquisition deal to beyond 31 March 2019?
SDL needs more bidders to come out with counter take over bids. The CEO is paid to deliver the maximum value for the long-term suffering shareholders.
21 trading days left and it is unlikely that ANS and SDL will satisfy all the conditions in the deal by 31 March 2019. Will noteholders extend it???????????????????????????????? Where is $58 million????
Back up plan for SDL and noteholders.
The SDL and noteholders agreement signed in July 2018 is still valid that noteholders can covert all debts i.e., convertible bonds to shares and become 68 per cent controlling shareholders of SDL. The conversion from debts to shares is simple and only via shareholders' approval in a special shareholder meeting.
If the deal with ANS is off, SDL trading suspension may be lifted soon.
