I do not know how this deal is going to benefit us but it looks like we are being sold for a song.
I do not have the details and just stating my obvious opinion and observation.
Why would you talk to somebody who wants to takeover your company if you are already discussing with a partner. Would the JV partner be pissed off ??
It is like two timing your gf (or bf).
The hanlong bid for me showed the "bluff" and I hope our CEO better put a valid statement on their clear strategy.
at $1.4 billion dollars that would have been a good deal for Hanlong as they can probably lock in the supplies and when investment market sentiment turns up they can double their money for sure.
I hope I am wrong and more "gusty" big insto investors comes into the company but now the headline "chinese-takeover" would almost be the same as "chinese-takeaway price."
This is for me a sad turn of event!
I am not happy and felt mislead!!
I sold all my holdings at 48 cents.
superOX
SDL Price at posting:
49.0¢ Sentiment: None Disclosure: Held