BlueScope

BlueScope Rejects $8.8 Billion Takeover Bid from Steel Dynamics and SGH: What It Means for Investors

ByAmna Habib

In a major development that has grabbed headlines across global markets, BlueScope, one of Australia’s largest steel producers, has firmly rejected a US$8.8 billion takeover offer from a consortium led by U.S. steelmaker Steel Dynamics and Australian industrial group SGH. The bid, which priced BlueScope at about A$13.2 billion or A$30 per share, represented a…

BlueScope
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Australian Tycoon Kerry Stokes and US Steel Firm Propose $9 Billion Buyout of BlueScope

ByRubaisha

BlueScope in the Spotlight as $9 Billion Buyout Proposal Emerges BlueScope, Australia’s largest steelmaker, has entered the global spotlight after confirmation that Australian billionaire Kerry Stokes and a major US steel firm have proposed a buyout valued at around $9 billion, including debt. The proposal has triggered intense market interest, pushing BlueScope shares to their…