Ann: Trading, Annual Distribution and Strategic Review, page-51

Looks like Ord's think a deal is the likely outcome, accumulate today is their recommendation.

Ords - "The strategic review update stated Aveo was negotiating with preferred party onan indicative proposal with a view to entering into a scheme of arrangement. It isnot certain the transaction will progress, although we believe it is more likely toproceed than not."

"We see value in Aveo and expect this to be realised through an agreed all-cash offervia a scheme of arrangement. Whether this scheme is executed by the 22 July deadlinecould result in a price spike or fall."