re: vrc sells 10m vrl FYI here is the relevant part of the corporations act:
CORPORATIONS ACT 2001 - SECT 638
Target's statement content
General requirement
Director's recommendations
(3)
A target's statement must contain a statement by each director of the target:
(a) recommending that offers under the bid be accepted or not accepted, and giving reasons for the recommendation; or
(b) giving reasons why a recommendation is not made.
