2 things
As far as I can see, no price has been put on the shares. For every 2 SDL shares you hold, you will get 1 GBG share, regardless of price.
If, however, the SDL sp gets above 50% of the GBG share price, then you run into a problem in that you will losing money as an SDL holder. Is that correct?
As for talk of a counter offer, this piece in the announcement document kind of knocks that on the head doesnt it?
"The parties have agreed that, unless the MIA is terminated, neither Gindalbie nor Sundance will solicit any competing proposal
or participate in any discussions or negotiations in relation to any competing proposal (unless failure to do so would involve a
breach of the fiduciary duties of its Directors)."
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merger ann coming through, page-30
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