Hanwha Makes $1.2 Billion Bid for Austal USA

AI Summary

South Korea's Hanwha has put forward a preliminary $1.2 billion offer to acquire Austal USA, potentially gaining control of one of the largest US shipbuilders. The acquisition would bolster Hanwha's position in the defense and shipbuilding sectors.

South Korea’s Hanwha has made a preliminary offer worth up to $1.2 billion to acquire Austal USA, potentially giving the Korean defense giant control of one of the largest U.S....