Pretty normal for shareholders to get a " what is your intention call" in matters like this.
As for the statement that large shareholders intend to take up the offer may indeed be true, just that at this stage the transaction has not occurred, only agreement, so no disclosure is required.
The 14th will be the date when all will be revealed as to the true state of affairs. The offer is sure to be extended and by then DIO will have let us finally know about the other approaches it states it has had.
Confident a sweetener will have to be added either way.
DIO Price at posting:
55.5¢ Sentiment: Hold Disclosure: Held
