Austal receives US$1.35B US division takeover offer
- Austal received a non-binding indication of interest to sell Austal USA to a Wildcat Infrastructure syndicate.
- Following the announcement, Austal shares rose 6.67% to $4.64.
- Wildcat Resources intends to run the target as a standalone platform, retaining its brand and US operations.
Austal (ASX:ASB) has received a non-binding offer valued at up to US$1.35 billion to sell its American division.
The preliminary proposal offers an aggregate enterprise value of US$1.25–1.35 billion on a cash-free and debt-free basis.
The proposed transaction remains conditional on Wildcat conducting four weeks of due diligence.
Wildcat stated that it intends to operate the business as a standalone platform while retaining the brand and US footprint.
Following the announcement, the Austal share price was up at $4.64.
The bid follows an earlier non-binding offer from Hanwha Defence USA valuing the US unit between US$1.05 billion and US1.20 billion.
The potential sale process comes after the US operations recorded a $202.8 million EBIT loss for fiscal 2026.
