Speaking of panic, the thought of the SDL board and the hedge funds outright reject HL's sordid tactics and part ways will be enough for the Chinese will be wetting their pants.
However unlikely, once the no shop condition is lifted the Chinese will break out in a cold sweat guessing what may transpire.
I still don't how anybody here can entertain the idea that the PRC can possibly walk away from this takeover. China's hope of having a her ONLY sizable tier-1 IO asset is immediately out the window.
Perhaps GJ turned the table on the Chinese and used their dirty tricks and demanded a 80 cents offer.
THERE IS NO WAY GJ SHOULD COMPROMISE ON THE 57 CENTS DEAL !
SDL Price at posting:
33.5¢ Sentiment: None Disclosure: Held