Korea’s Hanwha is buying up to 9.9% of Australian shipbuilder Austal on Monday in an after-market offer following its failed A$1.02 billion ($646.17 million) takeover bid last year, according to a term sheet.
Hanwha is offering A$4.45 each for 41.2 million Austal shares, according to the term sheet that was seen by Reuters.
A message sent by the deal’s bookrunners said books had been covered for the transaction.
Reuters
