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Which of the following statements is/are correct about the Corporations Act 2001 (Cth)? Select all that apply (there may be one or more correct answer/s):
Which of the following statements is/are correct about the Corporations Act 2001 (Cth)? Select all that apply (there may be one or more correct answer/s): Section 606 generally prohibits a company from acquiring 20% or more voting shares in another company for the purpose of requiring companies to undergo the process of a formal takeover bid. Both market bids and off-market bids require a bidder's statement to be lodged with ASIC. In the target's statement, the target company's board of directors must specify the purchase price at which the board would recommend the offer be accepted. The bidder may be exempted from disclosing its identity in the bidder's statement, in the event that the target shareholders deliberately reject the offer in order to drive up the purchase price
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