Hanwha Defense USA Seeks to Acquire Austal USA in Up to $1.2B Deal
Hanwha Defense USA, a Hanwha Aerospace subsidiary, has made a preliminary, non-binding offer to purchase Austal USA, with any deal contingent on due diligence of Austal’s operations and finances. The proposed price is $1.05 to $1.2 billion cash and debt-free, excluding acquisition of publicly traded shares and Austal’s Australasian operations.
Coverage (4)
- Austal USA confirms acquisition offer from Hanwha Defense (fox10tv.com)
- Korean company offers over $1 billion to buy Austal USA (finance.yahoo.com)
- Hanwha's Austal USA bid tops out at $1.2 billion (koreajoongangdaily.com)
- Hanwha Defense USA seeks to acquire Austal USA in $1.2B potential deal (breakingdefense.com)