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BlueScope Eyes $32.35 Cash Takeover Bid from SGH and Steel Dynamics

9:46am on Wednesday 18th of February, 2026 AEDT Materials
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BlueScope Eyes $32.35 Cash Takeover Bid from SGH and Steel Dynamics

9:46am on Wednesday 18th of February, 2026 AEDT
Key Points
  • Revised $32.35 per share cash offer from SGH and Steel Dynamics consortium
  • Proposal includes SGH acquiring BlueScope and selling North American assets to Steel Dynamics
  • Board previously rejected an undervalued offer from the same consortium
  • Current proposal is non-binding, conditional, and labelled 'best and final'
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