Ann: Recommended GMD offer to acquire remaining 20% of Dacian, page-28

GMD notice this morn shows some holders have accepted, taking them to 83.08%. If Delphi folds their 10.56%, they will be at 93.64%. This means they will require 1.46% of holdings which is ~ 17m shares. Trading volume last two days is ~20m. Most of the buying will probably come from those in support of a deal. Hence, deal will be done if Delphi folds and probably why it traded up today in line with the offer of ~27c.