I was wrong - Austal is not off-limits to a foreign takeover. Shares are 9.7% adrift of indicative terms. I'd be picking up shares here. The annualised spread is ~19% assuming mid-November payment.
What is covered in the Full Insight:
Austal's Business Overview
Austal and Hanwha Ocean's Deal
Austal's Position in AUKUS
Austal's Financial Overview
Investment Valuation and Analysis
SUMMARY
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