Austal rejects takeover offer from South Korean company

Australian shipbuilder, Austal, has rejected a substantial takeover offer from a large multi-profile business conglomerate headquartered in South Korea. Austal, which operates AustalUSA in Mobile, reportedly received an offer from Hanwha Ocean worth approximately $662 million. Leadership at Austal said that the transaction wouldn’t likely gain regulatory approval. “The Austal board, together with its advisers, […]The post Austal rejects takeover offer from South Korean company appeared first on Yellowhammer News.