Brief: Austal Says It Received Non-Binding Conditional Proposal From Hanwha To Buy Austal USA

Austal

11/08/2026 24:34

Aug 11 (Reuters) - Austal Ltd ASB.AX:
RECEIPT OF NON-BINDING CONDITIONAL PROPOSAL TO ACQUIRE BUSINESS OPERATIONS OF AUSTAL USA
DEAL FOR AN INDICATIVE ENTERPRISE VALUE OF US$1.05 - 1.20 BILLION ON A CASH AND DEBT-FREE BASIS
RECEIVES NON-BINDING CONDITIONAL OFFER FROM HANWHA DEFENCE USA TO BUY AUSTAL USA
EXPECTS FY2026 GROUP EBIT LOSS OF A$113 MILLION UNAUDITED
BOARD APPROVES HANWHA TO UNDERTAKE DUE DILIGENCE ON AUSTAL USA
PROPOSAL EXCLUDES PUBLICLY TRADED AUSTAL SHARES AND CORE AUSTRALASIA OPERATIONS
DETERMINED THAT PROPOSAL MERITS FURTHER EVALUATION PROPOSAL
AUSTAL USA WILL CONTINUE TO ENGAGE WITH US GOVERNMENT WITH VIEW TO REACHING MUTUALLY ACCEPTABLE RESOLUTION
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