close
MENU
How to guide
How to guide
Home
NBR Marketplace
The NBR List
NBR Video

Categories

General Business Investment Economics Te Ao Māori Politics Infrastructure Australia Tech & Innovation Finance Law Professional Services Primary Industries Retail Property Deals Marketing & Media Tourism Energy Luxury Property Aviation News Comings & Goings

Analysis

All Economy Matters Edwards on Politics Hunter’s Corner Last Word Margin Call On the Money Shoeshine Underarm NBR Focus

Featured

The NBR Podcast Morning Brew The Grind Entrepreneurs Your Business Beehive Banter Toil & Trouble Market Outlook Dollars & Sense Local Edge Private Bin Audio Articles Podcasts NZ Aviation News Back Issues NBR Radar (Archive) Opinion (Archive) NBR Rich List (Archive)
General Business
3 mins to read
8

Bluescope takes out Milford’s Steel & Tube stake

Broker made $46m offer ‘out of the blue’ last night.

Tim Hunter
 Wed, 17 Oct 2018

ASX-listed BlueScope Steel has bought a 15.8% stake in Steel & Tube for $46 million from fund manager Milford.

The acquisition trumps a play for the NZX-listed construction products distributor by Fletcher Building, whose indicative offer of $1.90 a share was rejected by Steel & Tube’s board

Want to read more? It's easy.

Choose your best value subscription option

Student

Exclusive FREE offer for uni students studying at a New Zealand university (valued at $499).
View terms and conditions.
Individual
Group membership
NBR Marketplace

Smartphone Only Subscription

NZ$29.95 / monthly

Monthly Premium Online Subscription

NZ$49.95 / monthly

Smartphone Only Annual Subscription

NZ$299.00 / yearly

Yearly Premium Online Subscription

NZ$499.00 / yearly

Premium Group Membership 10 Users

NZ$385+GST / monthly

$38.5 per user - Pay by monthly credit card debit

Premium Group Membership 20 Users

NZ$660+GST / monthly

$33 per user - Pay by monthly credit card debit

Premium Group Membership 50 Users

NZ$1375+GST / monthly

$27.5 per user - Pay by monthly credit card debit

Premium Group Membership 100 Users

NZ$2100+GST / monthly

$21 per user - Pay by monthly credit card debit

Yearly Premium Online Subscription + NBR Marketplace

NZ$999.00 / yearly

Already have an account? Login
Tim Hunter
 Wed, 17 Oct 2018
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Tags
Steel & Tube BlueScope Milford Asset Management Susan Paterson

Free News Alerts

Sign up to get the latest stories and insights delivered to your inbox – free, every day.

I’m already subscribed/joined
Related News
General Business

Steel & Tube chairwoman’s role under threat at AGM
General Business
5

Fletcher withdraws its takeover offer for Steel & Tube

Free News Alerts

Sign up to get the latest stories and insights delivered to your inbox – free, every day.

I’m already subscribed/joined
Related News
General Business

Steel & Tube chairwoman’s role under threat at AGM
General Business
5

Fletcher withdraws its takeover offer for Steel & Tube

Bluescope takes out Milford’s Steel & Tube stake
General Business,
76863
true
Subscribe Login