Korean shipbuilder Hanwha Ocean has made a bid for Australian yard group Austal, offering A$2.825 per share. However, Austal has raised concerns regarding the feasibility of the deal due to the numerous regulatory approvals required, given Austal’s involvement in naval vessel construction for Australia and the US.
Unsolicited Bid by Hanwha Ocean- Hanwha Ocean, along with Daewoo Shipbuilding & Marine Engineering (DSME), has submitted an unsolicited bid of A$2.825 per share for Austal,...
https://mfame.guru/hanwha-oceans-bid-for-austal-a-potential-acquisition-offer/