Wildcat Equity Bids $1.87B for Austal, Citing U.S. Security Need
Wildcat Equity Partners, a Florida-headquartered investment group including a former Australian government security expert among its executives, has lodged a $1.87 billion buyout bid for Austal’s U.S. shipyard. The group argues the company needs American capital for national security. The proposal adds complexity for Korean conglomerate Hanwha, a major Austal shareholder, seeking to acquire the same yard.