New owners still possible at New Zealand Steel
After rebuffing them four times, New Zealand Steel’s owner BlueScope wants more engagement with the bidding consortium.
Coils of steel at New Zealand Steel in Glenbrook, Auckland.
New Zealand Steel could yet find itself with a new owner as ASX-listed BlueScope Steel has softened its position on an A$15b ($17.8b) takeover bid.
BlueScope has rebuffed four bids from a consortium of Australian group SGH and US steel producer Steel Dynamics, but in a letter sent to the bidders,
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