Bell Potter - HOLD recommendation, page-22

There are laws in place to protect shareholders in a takeover situation. In Australia, the Corporations Act 2001 sets out the rules and requirements for takeovers, including provisions for protecting the interests of minority shareholders.Under the Corporations Act, if a company is being acquired by way of a scheme of arrangement, the scheme must be approved by a majority in number of shareholders who vote and by at least 75% of the votes cast. If these conditions are not met, the scheme cannot proceed.In addition, if a shareholder does not wish to accept the takeover offer, they may have the right to sell their shares to the acquirer at a fair price. This is known as the "squeeze-out" provision.Overall, while there is some risk involved in a takeover situation, shareholders are generally protected by the laws and regulations governing takeovers in Australia. It is important for shareholders to carefully consider their options and seek professional advice before making any decisions.