In today’s briefing:
- Austal (ASB AU): Privatisation on the Cards?
Austal (ASB AU): Privatisation on the Cards?
- Media reports indicate that Austal Ltd (ASB AU) is in the crosshairs of investors looking to take the company private.
- In an announcement, Austal Ltd (ASB AU) said it is regularly involved in discussion with strategic parties to create value for shareholders.
- The recent large contract from the US Navy, potentially more contracts in the pipeline and a weak AUD could result in investors paying up to take the company private.
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