DFI understand that if AVO pass 50% then the bids is...

DF

I understand that if AVO pass 50% then the bids is automatically extended.. otherwise there is no option for them to do so. That is the result of them declaring formally that the offer is final and will not be extended.

I am trying to find out at the moment what the rules are with respect to AVO launching a new bid, should they choose to do so. I know they cannot come back with a lower priced bid within a specified period. Not sure about a new higher bid. I suspect it is the same. I called ASIC but they couldn't tell me!!

RMS have removed all conditions barring the FIRB approval, including the 50% acceptance level.