1MC 20.0% 0.3¢ morella corporation limited

Ann: Response to Speculation, page-12

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    Transaction structures
    A control transaction for an ASX-listed Australian
    company or trust can be effected through one of various
    takeover structures, either on a friendly or hostile basis. A
    friendly deal is one that is supported by the target board
    of directors.
    The most common takeover structures are the off-market
    takeover bid (for either a friendly or hostile deal) and the
    scheme of arrangement (for a friendly deal only). These
    structures are discussed in this handbook.
 
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