Hanwha Defense USA, a subsidiary of South Korea's Hanwha Group, has made an offer to buy Austal USA.

Aug 11 : Australian shipbuilder Austal Ltd said on Tuesday it had received an offer from a unit of South Korea's Hanwha Group to buy its U.S. operations for an indicative enterprise value of up to $1.20 billion.Hanwha Defence USA has offered $1.05 billion to $1.20 billion for Austal's U.S. entities and operat

Aug 11 : Australian shipbuilder Austal said on Tuesday that Hanwha Group had offered to buy its U.S. operations for up to $1.20 billion as the South Korean conglomerate seeks to expand in the American defence market.Austal shares rose more than 16 per cent, logging their best intraday jump since mid-February.