Whilst I am not a fan of how this is all playing out I am of the belief that SDL & Hanlong will agree to 48c. I haven't always agreed with with you but hey everyone has an opinion - on this occasion I think your on the money.
The most important point to note is that this is only agreed upon with the finance being 100% singed off and the shop clause to be allowed.
If the above plays out then I am somewhat comfortable that a rival bidder (Who is sitting on the fence) will make a counter bid.
For me this is a LT stock investment and it may be an opportunity to see this stock be still available to shareholders like FMG rather than owned by one suitor.
All the best everyone - stay calm and hold tight if you can - lots of bumps still to come
Proviso
SDL Price at posting:
33.5¢ Sentiment: None Disclosure: Held