By Digifin Pty Ltd · About this coverage
Key Points
- Proposed aggregate enterprise value of US$1.25bn-US$1.35bn on a cash free, debt free basis
- Price is conditional on being able to conduct four weeks of due diligence
- Wildcat has indicated it intends to run the business as a standalone platform
- Board and its advisers will consider the proposed transaction
- Heading names Wildcat Infrastructure; body names a syndicate led by Wildcat Resources LLC
About Austal (ASX:ASB)
Austal Limited is an ASX-listed shipbuilder headquartered in Henderson, Western Australia. It designs, constructs and sustains aluminium and steel commercial and defence vessels, including ferries, patrol boats and naval support ships, and provides through-life vessel support. It operates shipyards in Australia, the United States, the Philippines and Vietnam.
Austal Limited (ASX:ASB) has advised shareholders that it has received a non-binding indication of interest from a syndicate led by Wildcat Resources LLC to purchase Austal USA from Austal Limited. The indication of interest proposes an aggregate enterprise value of US$1.25 billion to US$1.35 billion on a cash free, debt free basis, a price which is conditional on being able to conduct four weeks of due diligence. Austal said Wildcat has indicated it intends to operate the company as a standalone platform, retaining the Austal brand and the company's US operations.
The release states that the board and its advisers will consider the transaction proposed by Wildcat, and that the announcement was approved and authorised for release by Austal Limited Chief Executive Officer Paddy Gregg. The heading of the announcement names the acquiring party as Wildcat Infrastructure, while the body names it as a syndicate led by Wildcat Resources LLC; the release does not reconcile the two. No timetable for the board's consideration and no further terms of the proposed transaction are set out in the release.
Source: Austal Limited (ASX:ASB), 9 September 2026. Summary content supplied by Digifin Pty Ltd.
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