Bell Gully's Takeovers Market Practice Report

Friday 23 June 2017

Authors: James Cooney and James Gibson

​​​​​​​​​​Bell Gully's Takeovers Market Practice Report is the first in-depth analysis of New Zealand takeovers data since the introduction of the Takeovers Code in 2001.

The report finds that takeovers that share a combination of two factors – board backing and a price that meets or beats the independent adviser's valuation range – have almost always been successful. It also reinforces that preparation is critical to success. Securing an advance commitment from shareholders or holding a pre-bid stake substantially increases the likelihood of an offer succeeding.

Click here to view​ the full report​​.


This publication is necessarily brief and general in nature. You should seek professional advice before taking any action in relation to the matters dealt with in this publication.

For more information
  • James Cooney

    Partner Auckland
  • James Gibson

    Partner Auckland
  • Anna Buchly

    Partner Auckland
  • Amon Nunns

    Partner Wellington
Related areas of expertise
  • Takeovers
  • Mergers and acquisitions