Unsolicited Bids Hit a Record in Australia as Bargain-Hunting Abounds

  • Fourth quarter will mark highest number of uninvited bids
  • Dealmakers expect would-be buyers to stay active in 2021
Photographer: Lisa Maree Williams/Bloomberg
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Executives in Australia and New Zealand are getting more surprise takeover proposals than ever as suitors spot bargain hunting opportunities in pandemic-depressed valuations.