Responding to a takeover approach

Navigating bids and defending value

Public company takeover activity remains a key feature of the Australian market, with nearly 70 bids for ASX-listed companies in FY24, totaling close to $50 billion in deal value. As economic uncertainty and geopolitical tensions continue, takeover activity is expected to remain strong in 2025—driven by private capital seeking opportunities and foreign interest fueled by a weaker Australian dollar.

A takeover approach often arrives without warning, leaving boards under pressure to respond swiftly and decisively. Our report, Responding to a Takeover Approach: A guide for boards in navigating bids and defending value, equips directors with the critical insights needed to manage the complexities of a bid, whether friendly or hostile.

This guide covers:

• How to assess and respond to an initial takeover offer
• Strategies for negotiating with bidders and mounting a defence if required
• The growing role of schemes of arrangement in recommended deals
• The importance of a takeover response plan and effective shareholder communication

  With the right preparation and strategic approach, boards can ensure shareholder value is protected and maximised—regardless of the bid’s outcome.

RSM regularly provides support to boards in evaluating offers and navigating the bid process with a view to maximising shareholder value.

Download the report now to stay ahead. >>