Only a guess but it could be that GBG will offer 'around' 1 GBG share for every 2.5 SDL shares based 'very roughly' on the last 3 months- June to Aug.
Terms of the agreement could determine a totally different outcome.
It appears GBG is infact building an IO powerhouse with the backing of Ansteel.
Lot of unknowns (for us) but George Jones involvement with both companies reduces the risks for GBG immensely in any merger.
trading halt, page-8
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