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combination offer BlueScope rejects acquisition proposal from SGH and Steel Dynamics over -Fastener Exhibition-The 26th China(Guangzhou)International Fastener,Spring&Wire Exhibition
1/13/2026 紧固件展-弹簧展-线材展-fastener expo-wire expo-spring expo |
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Australian steelmaker BlueScope Steel has announced that it has rejected the acquisition proposal from aconsortium comprising Australia-based SGH and US steelmaker Steel Dynamics, reaffirming its commitment topursuing independent strategic priorities and maximizing shareholder value.
US steelmaker Steel Dynamics and SGH had submitted a non-binding indicative offer worth A$''13.2 billion forthe acquisition of 100 percent of BlueScope Steel through a scheme of arrangement, as SteelOrbis previouslyreported.
Proposal details and Board response
BlueScope said the proposal from SGH and Steel Dynamics would have involved a business combination thatdid not sufficiently reflect the underlying value of BlueScope''s operations or deliver appropriate certainty andbenefits for its shareholders. As a result, the BlueScope board concluded that the proposal was not in the bestinterests of the company.
紧固件展-弹簧展-线材展-2026第二十六届广州国际紧固件弹簧及线材展览会-Fastener Exhibition-The 26th China(Guangzhou)International Fastener,Spring&Wire Exhibition
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