Avoca will deny the possibility of any capital gains tax rollover relief for any Dior shareholder who accepts Ramelius proposed offer.
That is nearly a criminal threat, to punish someone financially for exercising their descretion over takeover offer, you could argue now that any acceptance of Avoca offer was obtained due to duress and sue for damages.In my opinion its a form of blackmail.
Furthermore you could also argue that any Avoca offer is invalid at law due to duress. I think that making threats of that kind, at the very least amounts to unconscionable conduct.
DIO Price at posting:
83.0¢ Sentiment: None Disclosure: Held