Hanwha Extends Due Diligence on Austal's US Business; Shares Jump
Reuters reported on October 14 that Australian shipbuilder Austal agreed to extend the due-diligence period for South Korea's Hanwha Group's bid for Austal's US business. Austal shares rose as much as 11.5 percent to A$4.18 on October 14 after the news. Reuters said US-based Wildcat Infrastructure had bid up to US$1.35 billion for the US business, against Hanwha's offer of up to about US$1.20 billion. Austal is a major Australian defense shipbuilder whose US arm builds vessels for customers including the US Navy.
Source: GSM · USA (original Chinese edition)
Photo: 船坞中的舰船实景。图片来源：Wikimedia Commons，, CSIRO 摄，CC BY 3.0 授权
