bullish
The Bigger Picture As Aussie Government "Approves' Hanwha Ocean's Austal Bid
443 Views02 May 2024 09:48
I was wrong - Austal is not off-limits to a foreign takeover. Shares are 9.7% adrift of indicative terms. I'd be picking up shares here. The annualised spread is ~19% assuming mid-November payment.
What is covered in the Full Insight:
- Austal's Business Overview
- Austal and Hanwha Ocean's Deal
- Austal's Position in AUKUS
- Austal's Financial Overview
- Investment Valuation and Analysis
Boomeranged on Thu, 6 Jun 2024 10:52
Reportedly, Hanwha has been informed that the US, for which Austal builds ships for the US Navy, supports Austal being owned by the South Koreans. This should come as no surprise –the Aussie Defence Minister would not have said a month ago that the government would not block a deal without first consulting the US. Still a ways to go on this transaction. Trading 16.7% adrift of indicative terms.
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- The Bigger Picture As Aussie Government "Approves' Hanwha Ocean's Austal Bid02 May 2024
- Austal (ASB AU): Hanwha's NBIO Is A Non-Starter02 Apr 2024
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