The changes to the Proportional Takeover Provisions are a common change in listed company constitutions and it has little to do with a looming takeover.
By a quirk in the law, these changes need to be refreshed (every 3 years if I can recall) and you do see them on a regular basis thru the annual meeting season. They are demonstrably in the interest of shareholders and are always approved by shareholders. It is just that they cant be enshrined in law and need to be refreshed regularly.
For example, it was covered in last years Constitutional changes in STX's AGM.
I hope this helps.
Cheers, AL
WGO Price at posting:
14.5¢ Sentiment: Buy Disclosure: Held
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