Austal Receives US$1.35bn Offer for Austal USA

Bidding war: combat shipbuilder receives another offer

Australian and US military shipbuilder Austal has now had two approaches for its American business, which has experienced some recent troubles.

Austal receives US$1.35bn offer for Austal USA

Austal has received a US$1.25–$1.35bn offer for Austal USA, with further due diligence ahead.

Austal confirms higher US counter takeover offer

Little-known Wildcat Infrastructure has bettered South Korean conglomerate Hanwha’s offer of between $US1.05b to $US1.2b.

Shipbuilder Austal USA receives $1.9b counter-takeover offer

Austal has revealed it has received a $1.9 billion counter-takeover offer for its US division from a syndicate led by Florida firm Wildcat Infrastructure.

Hanwha’s Austal bid shows where South Korea’s MASGA plan may be heading

South Korea’s $150 billion shipbuilding pledge is increasingly likely to give Korean companies access to the U.S. naval market through investment in American yards, but the emerging model will also require them to commit capital, technology and expertise before the commercial value of that access is clear. On Aug. 11, Australian shipbuilder Austal disclosedthat Hanwha […]