SGH Ltd. (SGH.AX) and Steel Dynamics Inc. (STLD) said they have submitted a revised non-binding indicative offer to acquire 100% of BlueScope Steel Ltd. (BSL.AX) in an all-cash transaction valuing the company at about A$15 billion or $11 billion.
The consortium's revised proposal offers A$32.35 per share in cash, equivalent to A$34.00 per share before dividend adjustments. The companies said the latest bid is their best and final offer in the absence of a superior competing proposal.
The offer implies a 47% premium to BlueScope's adjusted closing share price at the time of the initial proposal and a 56% premium to its 52-week volume-weighted average price.
If completed, SGH would retain BlueScope's Australia and Rest of World operations, while Steel Dynamics would acquire the company's North American business following closing.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.