Hanwha walks from Austal pursuit

South Korean company Hanwha Ocean has walked away from its $1 billion pursuit of shipbuilder Austal, accusing the target of not engaging constructively in a due diligence process.

Hanwha walks from Austal pursuit
South Korean company Hanwha Ocean has walked away from its $1 billion pursuit of shipbuilder Austal, accusing the target of not engaging constructively in a due diligence process.