I am a long-standing and long-suffering holder of a few shares in SDL (with hind-sight it would have been a lot more profitable to trade the things than to hold them, but this is by-the-by...).
So I'd be just as happy as the next trader to get this take-over finalised somehow and "take the money and run".
BUT - I can't believe the short-sightedness of us and even more the big guys: BHP, Rio and Vale. They do know that the Chinese are playing a long game and as of December became the biggest trading partner of Africa, overtaking the EU and the U.S. They wouldn't like anything better (and who wouldn't?) but to be able to dictate the price of iron ore and not to be taken 'hostage' by the big three in price. And with this absolutely lop-sided deal they will be able to achieve this.
In just a few short years we - quite possibly - all be feeling the consequences of this deal when the whole world will receive less for the iron-ore as China will become one of the big guys too. As iron-ore is our (Australia's) most important commodity, the short-sightedness and short-game playing of these companies are just staggering.
As the funds that would be required to develop SDL to it's full potential for the big three would be like just one their small deals, I, for one, just simply don't understand what are they thinking.
Well, there are still a few weeks for one of them to wake-up and pull the finger out - I hope every day that it will happen for the shareholders as well as all of our sake.
SDL Price at posting:
37.0¢ Sentiment: Hold Disclosure: Held
