Sept 4 (Reuters) - Yellow Brick Road Holdings Ltd YBR.AX :
* YELLOW BRICK ROAD-REFERS TO BIDDER'S STATEMENT RECEIVED ON AUG 20 FROM MERCANTILE INVESTMENT CO UNIT ABOUT OFF-MARKET TAKEOVER OFFER FOR CO
* DIRECTORS RECOMMEND THAT SHAREHOLDERS REJECT MERCANTILE'S OFFER
* YBR DIRECTORS INTEND TO REJECT MERCANTILE'S TAKEOVER BID IN RESPECT OF ALL SHAREHOLDINGS THEY OWN OR CONTROL