Austal confirms receipt of proposal from Hanwha
Austal confirms it has received an unsolicited, conditional and non-binding indicative proposal from Hanwha Ocean to acquire Austal
Source: en.portnews.ru
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Austal confirms it has received an unsolicited, conditional and non-binding indicative proposal from Hanwha Ocean to acquire Austal
Austal Limited (Austal) confirms it has received an unsolicited, conditional and non-binding indicative proposal from Hanwha Ocean Co., Ltd. (Hanwha) to acquire Austal by way of a scheme of arrangement; at this time, Austal has chosen to not accept Hanwha’s bid.
There are plenty of big questions for Austal, and defence policy, as the likelihood of a private equity takeover increases and priorities shift to the US.