Austal, a global shipbuilding company and defense prime contractor based in Australia, has rejected a $2.82-per-share acquisition offer from Hanwha Ocean. According to Austal, it considered the proposal with its advisers and concluded that Hanwha may encounter difficulties securing regulatory approvals as part of the acquisition process. In a press release, Austal explained that the...
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Tag: CIFIUS
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Chertoff, Exiger Pool Capabilities Versus Foreign Pressure on Federal Supply Chains
The Chertoff Group, a security and risk management consultant, said it has partnered with software-as-a-service company Exiger to provide federal contractors with solutions to manage the risk of foreign ownership, control, or influence in their supply chains. The tools that Exiger will contribute in the tie-up include supply chain mapping technologies and strategic FOCI risk...