The statistics for takeover bids for 2025 show a very high success rate. We calculate that 82% of completed bids led to a change of control. This is a stark reminder that takeover bids remain an important part of the M&A toolkit in Australia.
In brief
- Around 82% of takeover bids made during 2025 led to a change of control.
- If you are on the receiving end of a takeover bid, chances are that control will pass.
High success rates in recent takeover bids
For many years now, one of the defining features of Australia’s M&A landscape has been the dominance of schemes of arrangement as the preferred way to effect a control transaction. And it’s easy to see why bidders like them.
Schemes come with some built‑in advantages, most notably:
