An Australian-based conglomerate publicly confirmed Monday that it has made a non-binding offer with Steel Dynamics to acquire BlueScope Steel Ltd. The conglomerate, SGH, would then sell BlueScope’s ...
SYDNEY, Jan 9 (Reuters) - BlueScope Steel's largest investor, AustralianSuper, said on Friday a $9 billion takeover offer from SGH and U.S.-based Steel Dynamics undervalued the steelmaker and that it ...
Given that BlueScope is generating $2bn a year in free cash flow and has no debt, the $13bn bid had the potential to be the greatest leveraged buyout in Australian history. AustralianSuper, by ...
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BlueScope Steel rejects $9 billion takeover offer
SYDNEY, Jan 7 (Reuters) - BlueScope Steel is rejecting an $A$13.2 billion ($8.92 billion) buyout bid from SGH and U.S.-based Steel Dynamics, the Australian steelmaker ...
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