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.
