Don't you worry, the PRC will never break the deal.
Having the break fee as low as possibly may actually protect SDL should there be another bidder lurking around.
I am that optimistic though at this point.
I reckon GJ may have told that hedge fund, lets just get a floor first of all and you block the deal when it comes later in the year, then HL can't accuse me of playing a good cop.
I expect GJ to tell holders in the coming days and weeks that the share holders will decide in a non too subtle hint.
SDL Price at posting:
37.5¢ Sentiment: None Disclosure: Held