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Austal share price smashes new record high as takeover rumours swirl again

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The Austal Ltd (ASX: ASB) share price soared 7.6% to a new all-time high of $6.21 on Tuesday.

The price surge follows news reports that South Korean company Hanwha Corp has secured US approval to buy 100% of Austal shares.

While Austal disputed these reports today,…



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