RMS has 23% of DIO this means AVO will effectively be stopped from taking the company over. If dio shareholders dont take up the rms offer by the expiry date then dio will become a shared entity and the DIO share price will fall as the takeover offers come to an end.
Dio has gone from 35 cents to 85cents in feb, I would see dio falling back to 35 cents when the takeover offer finishes. I thought of another possibility, when the share price sinks south avo and rms could do a joint compulsory takeover and obtain the resulting shares at discount.
DIO Price at posting:
87.5¢ Sentiment: Sell Disclosure: Held