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BlueScope Eyes $30/Share Bid from SGH and Steel Dynamics Consortium

10:02pm on Monday 5th of January, 2026 AEDT Materials
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BlueScope Eyes $30/Share Bid from SGH and Steel Dynamics Consortium

10:02pm on Monday 5th of January, 2026 AEDT
Key Points
  • Unsolicited $30 cash per share indicative proposal received
  • Consortium includes SGH Limited and Steel Dynamics, Inc.
  • Proposal contingent on exclusivity, due diligence, unanimous Board approval, and regulatory clearances
  • Previous lower offers from Steel Dynamics-led groups were rejected
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