Austal Ltd

Austal (ASB AU): Spurned Suitor, Hanwha Ocean, Gets a Vote of Confidence

305 Views02 May 2024 23:04
The Board’s rejection is based on shaky grounds and may be an attempt to negotiate better terms, such as a bump, ticking fees, or significant break fees. At the last close, the gross spread was 21.8%.
What is covered in the Full Insight:
  • Background and Dynamics
  • Austal's Response to Hanwha's Proposal
  • Board's Rejection and Negotiation Tactics
  • Potential for Other Bidders
  • Assessment of Hanwha's Offer
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Full Insight
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Arun George
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