re: sunridge $40% stake is worth $64million
I want to add that as a consequence of Sunridge's offer, the Canadian share price rose by about $1.
They would'nt be too keen seeing that price fall by that amount if the deal did'nt go finally through.
On the other hand. I don't expect the current SBS price to drop below 11-12 cents if the deal collapsed.
So, one could say that the incentive for Sunbridge for having a successful takeover could be even greater than it is for SBS as shown in this and my previous post.
In any horse trading, these things do matter: who has the most to lose should there be no deal?
Gerry Readers, please do your own research and you decide if and when to buy, hold or sell any stocks or metals/commodities.
SBS Price at posting:
0.0¢ Sentiment: None Disclosure: Held
