Who made the takeover offer for BlueScope Steel?

An Australian and U.S. consortium, including SGH Ltd and Steel Dynamics Inc., made the offer.

What is the value of the BlueScope Steel takeover bid?

The indicative takeover offer values BlueScope Steel at A$13.15 billion.

What is the premium offered for BlueScope shares?

The offer implies a premium of 26.8% above BlueScope's closing share price on December 11.

Home / Business and Economy / BlueScope Receives A$13.15B Takeover Bid

BlueScope Receives A$13.15B Takeover Bid

5 Jan

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Summary

BlueScope received a takeover offer valued at A$13.15 billion.
The offer was made by a consortium of Australian and U.S. companies.
The bid implies a significant premium of 26.8% to BlueScope's share price.

BlueScope Receives A$13.15B Takeover Bid

Australian steel manufacturer BlueScope Steel has revealed an indicative takeover offer amounting to A$13.15 billion. The proposal, received in December, comes from a consortium comprising SGH Ltd, an Australian industrial conglomerate, and Steel Dynamics Inc., a U.S. entity.

The offer, made on December 12, stipulates A$30 per share. This valuation suggests a significant premium of 26.8% compared to BlueScope's share price at the close of trading on December 11. The proposed structure involves SGH acquiring all shares before divesting BlueScope's North American operations to Steel Dynamics.

BlueScope's board of directors is currently engaged in a thorough evaluation of this takeover proposal. Further updates are anticipated as the board deliberates on the terms and implications of the offer.

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