1．Part AThere are many different methods for combining companies in today's business world. Takeover offers and scheme of arrangement are the two most popular and commonly used in these ways. This part will define the meaning of takeover offers and scheme of arrangement and list the differences between them. A takeover offer refers to an offer by a bidder who wishes to control the target company with at least 90% of its issued share capital. . According to King and Wood Mallesons (2012), a takeover bid is an offer for the entire issued share capital of Target that could become effective without the bidder gaining control of 100% of the capital of the target company. However, company law requires that the bidder controls no less than 90% of the capital and value of the target company. The takeover offer is a clear and simple way to complete the business merger. The composition scheme is more complex as it requires a judicial procedure. According to Robb and Stephens (2003), a scheme of arrangement is a compromise or agreement approved by the court; is stipulated between the company and its creditors or members. It does not require 100% of the issued share capital of Targets; it only needs 75% members of different classes and the High Court agreement leads to the achievement of the target. There are many differences between these two combination methods. Firstly, the takeover offer is used by the bidder or the offering company towards the shareholders of the target company, the scheme of arrangement is used by the target company towards its creditors and shareholders. Secondly, from the unconditional point of view, takeover offers must hold more than 90% of the value of the target's issued share capital, but the outline of the agreement...... half of the document... company, viewed May 14, 2014, Goedhart, Marc, Koller, Tim & Wessels, David, 2010, The Five Types of Successful Acquisitions, Insights and Publications, viewed May 14, 2014, Laamanen, T. 2007, "On the Role of the Award of acquisition in acquisitions research” Volume 28, Number 13, pages 1359–1369Mergers and Acquisitions Key Concepts nd, viewed 14 May 2014,Robb D and Stephens M 2003 “Schemes of Arrangement” Allens Arthur RobinsonKing and Wood Mallesons 2012 “A GUIDE TO TAKEOVERS IN AUSTRALIA” www.kwm.comTarget Statement, 2009, AGL Energy Limited, viewed 14 May 2014, < http://www.connect4.com.au.ezproxy.lib.uts.edu.au/subscribers/takeovers/987/>