South Korea’s Hanwha Group and its target, ASX-listed navy shipbuilder Austal, have reached an impasse.
Contrary to unsubstantiated news reports, Hanwha is not preparing a fourth non-binding offer for the $880 million Austal. Instead, it is seeking to renegotiate what it believes are unfair requirements – put in place by Austal’s board of directors – for the right to enter the data room.
From the fin this morning. I was looking to re enter but might remain on the side line for the time being.
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$2.83 |
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Mkt cap ! $1.025B | |||
| Open | High | Low | Value | Volume |
| $2.84 | $2.86 | $2.77 | $3.027M | 1.073M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5806 | $2.81 |
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| Price($) | Vol. | No. |
|---|---|---|
| $2.83 | 4419 | 1 |
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