NZ Steel owner rejects ‘highly opportunistic’ $15.2b takeover bid
Industrial conglomerate SGH Limited and US-based Steel Dynamics were offering A$30 a share for ASX-listed BlueScope.
The board of the ASX-listed owner of New Zealand Steel, BlueScope, has unanimously rejected a proposal from a consortium comprising industrial conglomerate SGH Limited and US-based Steel Dynamics to acquire the business at A$30 ($34.80) per share.
The offer emerged this week but was received on
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