[Last updated: 1 January 2025, unless otherwise noted]

It is usual for a target company to be removed from the ASX following a successful takeover bid or scheme of arrangement. Following compulsory acquisition by a bidder in a takeover bid or a scheme of arrangement, the ASX automatically suspends quotation of the target company's shares. The ASX will then remove the target company from the official list at the close of trading on a date in the ASX's discretion. This is normally the third business day following suspension of the target company's shares.