This subject focuses on the merger and acquisition process in the Australian market. It examines the regulatory environment for mergers and acquisitions in Australia and identifies the relevant shareholding thresholds under the Corporations Act. It also provides an overview of the research phase and role of the corporate adviser. It compares the different forms of acquisition, including private treaty acquisitions, and discusses the implementation of offeror and defensive strategies. Students apply their understanding of the merger and acquisition process through analysis of a real transaction that occurred in the Australian market in recent years. This subject contributes to the investment analysis and corporate finance specialisation. For more information, please refer to the subject outline. For Study Period 6 2022 onwards, please refer to the subject outline here.