Apparently while under the Corporations Act it would be possible for AVO to launch a new bid any time, under ASIC and Takeovers Panel rules and regulations it is prevented from launching a new bid for 4 months.
Any activity in the meantime would need to be by way of a merger/scheme of arrangement, which is possible but complicated.
No doubt AVO and its advisers are looking at alternatives - if DIO ends up with AVO adn RMS as major shareholders with over 40% each, it becomes a Mexican standoff.
DIO Price at posting:
74.0¢ Sentiment: Hold Disclosure: Held
