I expect this is the first of a number of bids for the Austal business. There is interest from:
New York's JF Lehman & Company which specialises in complex and regulated sectors, which has Morgan Stanley on hand to assist with due diligence. Then there's Cerberus Capital Management, a $US60 billion alternative asset investor, which has engaged Citi as it considers making an offer, while Washington's Arlington Capital Partners is also interested.
Exciting times ahead. Nice to see someone Hanwhu bounce the ball to kick things along. We have been waiting for the first one to blink and now that has happened we are finally off to the races.
I expect this is the first of a number of bids for the Austal...
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Mkt cap ! $862.6M | |||
| Open | High | Low | Value | Volume |
| $2.39 | $2.40 | $2.37 | $814.8K | 342.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 1 | 2776 | $2.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
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| $2.40 | 34502 | 5 |
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| Last trade - 16.10pm 12/06/2024 (20 minute delay) ? |
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$2.38 |
Change
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| Open | High | Low | Volume | ||
| $2.40 | $2.40 | $2.37 | 49525 | ||
| Last updated 15.59pm 12/06/2024 ? | |||||
| ASB (ASX) Chart |