Building a smart defence against takeovers: the role of Investor Relations

Takeover activity is accelerating as UK valuations remain subdued and private equity deploys record levels of capital. This article explores what effective bid defence looks like today, from defence manuals and adviser coordination to the growing overlap between activism and M&A, and highlights the critical role of Investor Relations in shaping valuation and strengthening preparedness. It also includes a practical IR checklist for staying bid-ready.