Austal Receives US$1.25-1.35 Billion Takeover Interest for US Operations
The Miami Beach firm’s non-binding offer tops Hanwha’s bid and comes as Austal’s U.S. unit posted a A$202.8 million loss.
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Shipbuilder Austal rises as Wildcat offers up to $1.35 billion for US ...
Austal Shares Jump 7% After US$1.35 Billion Offer For Austal USA Shipbuilding Unit From Wildcat-Led Group
Austal Ltd. shares rose 7.13% following a non-binding offer for its US shipbuilding operations from Wildcat Resources, highlighting potential strategic shifts and regulatory considerations.
U.S. Investment Firm Raises Bid for Austal USA Against Hanwha
A view of Austal’s shipyard in Mobile, Alabama. (Photo courtesy of Hanwha) Hanwha Group, which has been pursuing the acquisition of Austal USA, the U.S. subsidiary of Australian shipbuilder and defense company Austal, is facing competition from a U.S. investment firm after a syndicate led by Wildcat Infrastructure submitted a higher offer. Austal said in a filing with the Australian Securities Exchange on Sept. 8 local time that it had received …
Austal Receives US$1.25-1.35 Billion Takeover Interest for US Operations
Austal Limited (ASX: ASB) has announced it has received a non-binding indication of interest from a syndicate led by Wildcat Resources LLC, operating as Wildcat Infrastructure, to acquire its United States-based subsidiary, Austal USA. Austal is Australia’s global shipbuilder and defence prime contractor, designing, constructing, and sustaining some of the world’s most advanced commercial and
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