Independent tracking of Australian public M&A
Bidline follows every announced takeover of an ASX-listed company from first bid to final payment. It brings the offer terms, the market price, the independent expert's view and the timetable into one place, and updates after every trading day.
What Bidline does
Tracks every live deal
Schemes of arrangement and takeover bids for ASX-listed targets, from announcement through the vote, court approval and payment.
Prices the risk
The gap between each target's share price and the offer, annualised to the expected payment date, and the completion odds the market is implying.
Reads the documents
Independent expert valuations, break fees, conditions and timetables, taken from scheme booklets and ASX announcements and linked against every deal.
How it works
The same four steps run after every ASX trading day.
Source
New announcements, scheme booklets and expert reports are collected for every live deal, with primary documents preferred over press coverage.
Extract
AI tools pull the terms, valuation ranges, conditions and key dates from documents that often run to hundreds of pages.
Verify
Every figure is checked against its source document before it is published, and each deal links to the document behind it.
Publish
Prices and offer values are refreshed, spreads and implied odds recalculated, and the calendar updated.
Coverage
Included
- Schemes of arrangement and takeover bids for ASX-listed targets
- Deals with a value above about A$100 million
- Cash, scrip and mixed consideration, including offers from foreign and private capital bidders
- Non-binding proposals that have reached exclusivity or due diligence, clearly marked
- Completed deals, kept as precedents
Not included
- Rumoured or unconfirmed approaches
- Private company M&A with no ASX-listed target
- Buy, sell, hold or voting views on any security
Who it is for
Students and graduates
Preparing for investment banking and advisory interviews, where knowing live Australian deals and how they are valued matters.
Investors
Following event-driven and merger arbitrage situations on the ASX, with spreads and timetables in one view.
Deal professionals
Keeping a running view of the Australian public M&A pipeline, expert opinions and deal protections.
Principles
Primary sources first
Scheme booklets and ASX announcements come before commentary. Where a figure is a Bidline estimate, it says so.
Information, not advice
Bidline describes deals and how the market is pricing them. It never recommends buying, selling or voting.
Corrections welcome
If a figure looks wrong, a message with the source gets it checked and fixed, and the change is noted in the update log.
Bidline is an independent project founded in Melbourne in 2026 by Baxter Layton. For corrections, feedback or to discuss a deal, get in touch on LinkedIn.
Contact on LinkedIn