bullish
The Bigger Picture As Aussie Government "Approves' Hanwha Ocean's Austal Bid
645 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, 26 Sep 2024 08:16
Hanwha has withdrawn its non-binding, indicative proposal to acquire Austal and ended talks.Hanwha said it was unable reach a reasonable agreement with Austal's management and its board of directors.
More in "Discussions" below.
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