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Market Chatter: Austal Receives Offer From Wildcat Infrastructure to Acquire US Business

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Austal (ASX:ASB) received a non-binding offer from Florida-based private investment firm Wildcat Infrastructure to acquire its US business, with the bid valuing Austal USA at $1.25 billion to $1.35 billion, The Australian's DataRoom reported Wednesday.

In August, the Australian shipbuilder received a conditional proposal from a unit of South Korea's Hanwha Group to acquire its US operations for an indicative enterprise value of up to $1.2 billion.

Austal and Wildcat did not immediately respond to requests for comment from.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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