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BlueScope Rejects Takeover Bid From SGH, Steel Dynamics
01/07/2026 - The board of BlueScope announced today that it has unanimously rejected the takeover bid from the consortium including SGH Ltd. and Steel Dynamics Inc.
The company said it unanimously rejected the offer due to its significantly undervaluing BlueScope. The consortium offered US$30.00 per share, though the value for shareholders would be less due to the time which would be required for the takeover.
“[The offer] drastically undervalued our world-class assets, our growth momentum, and our future — and the board will not let that happen. This is the fourth time we've said no, and the answer remained the same — BlueScope is worth considerably more than what was on the table,” said Jane McAloon, BlueScope’s chair.
For more information, click here.
“[The offer] drastically undervalued our world-class assets, our growth momentum, and our future — and the board will not let that happen. This is the fourth time we've said no, and the answer remained the same — BlueScope is worth considerably more than what was on the table,” said Jane McAloon, BlueScope’s chair.
For more information, click here.
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