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SGH, Steel Dynamics Submit Another Takeover Proposal to Buy Out BlueScope
02/18/2026 - BlueScope announced it has received another takeover proposal from the SGH Ltd. and Steel Dynamics Inc. consortium after unanimously rejecting the last one in January due to undervaluation.
BlueScope said with the new proposal, SGH would receive all the company’s shares for US$32.35 in cash per share and then on-sell the North American businesses to Steel Dynamics. It is described as the “best and final” proposal.
The proposal is currently under consideration by the board of BlueScope along with its management and advisors.
For more information, click here and here.
The proposal is currently under consideration by the board of BlueScope along with its management and advisors.
For more information, click here and here.
