Korea / Special Sits, Pairs, Index Rebalancing, Clepsydra Capital

Sanghyun Park

I investigate special situations, pairs, and index rebalancing trades in Korea.

Korea / Special Sits, Pairs, Index Rebalancing

Austal (ASB AU): Hanwha's NBIO Is A Non-Starter

Clepsydra Capital

Investigate special situations, pairs, and index rebalancing trades in Korea.

Event-Driven

<ul>
<li>Hanwha received counsel indicating foreign regulators won't oppose Austal's acquisition. They admit it's restricted to AUKUS countries but argue Korea's ties ease opposition.</li>
<li>Hence, Hanwha Ocean is dropping some heavy hints that even though Austal has turned down the acquisition offer for now, there's still a chance the deal could go through.</li>
<li>The pivotal factor lies in whether Hanwha Ocean can secure approval from the AUKUS countries. Should they succeed, it is anticipated that Austal would be inclined to accept the deal.</li>
</ul>


Hanwha received counsel indicating foreign regulators won't oppose Austal's acquisition. They admit it's restricted to AUKUS countries but argue Korea's ties ease opposition.
Hence, Hanwha Ocean is dropping some heavy hints that even though Austal has turned down the acquisition offer for now, there's still a chance the deal could go through.
The pivotal factor lies in whether Hanwha Ocean can secure approval from the AUKUS countries. Should they succeed, it is anticipated that Austal would be inclined to accept the deal.


What's Additionally Being Heard on Hanwha's Austal Deal from Korea's Local Scene

Austal Ltd

What's Additionally Being Heard on Hanwha's Austal Deal from Korea's Local Scene