
Australian shipbuilder Austal, which also has operations in the U.S., on Tuesday confirmed it has received an unsolicited acquisition offer from South Korean multi-industrial conglomerate Hanwha Group but said it doubts the proposal would be approved by regulators in Australia and the U.S. Hanwha is offering $2.825 in Australian dollars per Austal share, well above the $2.20 closing price on Monday. Austal listed the conditions the offer would be subject to including due diligence, approvals by Australia’s Foreign Investment Review Board…