Nov 8 (Reuters) - Mercantile Investment Company Ltd MVT.AX
* Unit intends to make proportional off market takeover bid for bauxite resources
* takeover bid for one of every two bauxite shares that it does not control at $0.09 per share
Nov 8 (Reuters) - Mercantile Investment Company Ltd MVT.AX
* Unit intends to make proportional off market takeover bid for bauxite resources
* takeover bid for one of every two bauxite shares that it does not control at $0.09 per share