SLR 1.97% $1.82 silver lake resources limited

What is proportional take over provision?, page-3

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    The proportional takeover provisions of the Corporations Act 2001 entitle a company that adopts such provisions to prohibit a proportional takeover bid being launched where the shareholders so decide. ... Under a proportional bid, the bidder seeks a certain percentage of each shareholder's parcel.
 
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Currently unlisted public company.

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