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BlueScope Confirms Receipt of Bid to Acquire All Shares
01/05/2026 - BlueScope has confirmed it received an unsolicited bid from an Australian and U.S. consortium to purchase all shares in BlueScope for US$30.00 cash per share.
According to a press release, the consortium includes SGH Ltd. and Steel Dynamics, Inc. With the proposal, SGH would acquire all of BlueScope’s shares and then sell the North American businesses to Steel Dynamics.
The proposal is subject to several conditions. The board of BlueScope along with management and advisors are currently evaluating it.
For more information, click here.
The current proposal follows two rejected ones led by Steel Dynamics in 2024 and 2025, respectively.
The proposal is subject to several conditions. The board of BlueScope along with management and advisors are currently evaluating it.
For more information, click here.
The current proposal follows two rejected ones led by Steel Dynamics in 2024 and 2025, respectively.
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