BlueScope Bid
- Marius Mariton
- Jan 6
- 1 min read
BlueScope has received a takeover proposal valuing it at $30 a share.
This unsolicited and non-binding offer has been made by a consortium composed of Kerry Stokes' SGH and the US-listed Steel Dynamics.
Under the offer, SGH would aquire all of Bluescope's shares and then sell the North American businesses to Steel Dynamics.
The BlueScope board says it is currently reviewing the offer.
Looking back to late 2024 and early 2025, Steel Dynamics had already approached BlueScope with offers valuing the company between $27.50 and $33 a share.
At the time, the board had rejected all offers.
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