The Takeover Roadmap – 2024

From the takeover threshold to acquisition structures, pre-bid arrangements and defensive tactics, takeovers in Australia are highly regulated by legislation and by policy guidance from regulators.

If you’re planning a takeover, it’s critical to be on the front foot to minimise delays and ensure a smooth process for all involved – which is why we’ve prepared The Takeover Roadmap.

Whether you’re embarking on a new acquisition or in the midst of one, this guide is your companion for navigating the complex world of takeovers in 2024. In it, you’ll find a high-level overview of:

  • the 20% takeover threshold in Australia, and other key shareholding levels;
  • types of control transactions;
  • how to choose between deal structures;
  • details on takeover bids and schemes of arrangement, the main types of control transaction;
  • how a bidder can prepare for a bid, including pre-bid arrangements with shareholders;
  • how a target responds to a takeover proposal or NBIO;
  • disclosure obligations in relation to interests in shares; and
  • the regulators who are likely to be relevant to a control transaction.

Deputy Managing Partner

Chairman of Partners


Partner, Head of Corporate – Melbourne

Partner, Head of Corporate