"proportional takeover bid amendment"

Resolution 4 – Proportional Takeover Bid Provisions
To consider and, if thought fit, to pass, with or without amendment, the following Resolution as a special resolution:
“That, for the purposes of Sections 136(2) and 648G of the Corporations Act, and for all other purposes, the Constitution of the Company is amended in the manner set out in the Explanatory Statement to insert proportional takeover bid provisions.”


What on earth is going on