Australia’s BlueScope Steel Says It Received A$13.15 Billion ($8.78B) Takeover Offer in December

Australia’s largest steelmaker BlueScope Steel Ltd announced on Monday that it received an indicative takeover offer in December 2025 from a consortium that includes Australian industrial group SGH Ltd, controlled by billionaire Kerry Stokes, and U.S. steel producer Steel Dynamics. The proposal values BlueScope at A$13.15 billion (about US$8.78 billion), with the consortium offering A$30 per share in cash — a 26.8% premium to the share price on December 11, 2025. Under the terms of the proposal made on December 12, SGH would acquire all of BlueScope’s shares and then sell the company’s North American operations to Steel Dynamics. BlueScope’s board is currently reviewing the offer, though neither SGH nor Steel Dynamics has made public comments. The company also disclosed that it has previously rejected three unsolicited proposals from a Steel Dynamics-led group in late 2024 and early 2025, which it deemed undervalued and risky from a regulatory standpoint. AustralianSuper, the nation’s largest pension fund and BlueScope’s biggest shareholder with a 12.51% stake, has not yet issued a response to the latest offer. #BlueScopeTakeover #SteelIndustry #SGH #SteelDynamics #SlimScan #GrowthStocks #CANSLIM