Takeover Roadmap

Takeovers in Australia are highly regulated by the Corporations Act and other legislation, and by policy guidance from regulators.

This guide provides a high level overview of:

  • the 20% takeover threshold in Australia, and other key shareholding levels
  • types of control transaction, and how to choose between them
  • details on takeover bids and schemes of arrangement, the main types of control transaction
  • how a bidder can prepare for a bid
  • how a target responds to a takeover proposal
  • disclosure obligations in relation to interests in shares
  • the regulators who are likely to be relevant to a control transaction.