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BlueScope Chair Jane McAloon says the board is open to further engagement if Steel Dynamics and SGH address several issues.
Under the revised offer, BlueScope shareholders would receive 32.35 Australian dollars, equivalent to about US$22.93, per share in cash, Steel Dynamics and SGH said.
Australian billionaire Kerry Stokes-owned SGH Ltd and U.S.-based Steel Dynamics on Wednesday sweetened their takeover offer for BlueScope Steel , valuing the Australian steelmaker at A$15 billion ($10.62 billion).
BlueScope Steel Limited (BLSFY) Q2 2026 Earnings Call Transcript
BlueScope Steel (BLSFF) appears to be recalibrating its U.S. strategy, with newly appointed CEO Tania Archibald signaling that previously outlined midstream exp
BlueScope Steel's plans to expand further in the U.S. by investing in midstream capacity have fallen down the agenda.
BlueScope Steel isn't in talks with suitors Steel Dynamics and SGH but would be open to a takeover proposal that meets its expectations, the company's new chief executive officer said in an interview.
Shares of BlueScope Steel were down 2% in early trading on Thursday after the company rejected a A$13.2 billion ($8.87 billion) takeover offer from Australian conglomerate SGH and U.S.-based Steel Dynamics.
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