These lines were in the response to the SDL takeover offer today...
"The Sundance Board of Directors advises shareholders to take no action at this stage.
The Board considers that the terms of the offer do not provide adequate value or certainty to Sundance shareholders?"
Would have loved to see them in ESG's but alas - the deal is done - the board's recommended it - there are no talk and no shop clauses. To me this ship has sailed.
If they thought another, higher bid was in the offing the wording would have been entirely different.
Sold what I had for a small profit - moving on... good luck guys.
ESG Price at posting:
84.7¢ Sentiment: None Disclosure: Not Held
