The company and its bidding partner SGH are seeking to buy Australia’s BlueScope Steel.

Under the revised offer, BlueScope shareholders would receive about US$22.93 per share in cash, Steel Dynamics and SGH said.

Australia’s BlueScope Steel Ltd. said a revised bid from Steel Dynamics Inc. and SGH Ltd. undervalues the company, but remains open to a better offer.

The Stokes family-controlled SGH and the US steel company have made a revised offer of $32.35 per share for the steelmaker, up 14pc on their initial proposal.

The BlueScope board has picked apart the latest takeover proposal for the steelmaker and warned suitors SGH and US-based ...

The steel maker says the SGH and Steel Dynamics’ offer was effectively only $31 per share. But the board is prepared to talk ...

Investing.com -- BlueScope Steel (ASX:BSL) said Thursday that a revised takeover offer from U.S. steelmaker Steel Dynamics (NASDAQ:STLD) and Australian conglomerate SGH is not sufficient for directors ...

(RTTNews) - SGH Ltd (SGH.AX) confirmed that, together with Steel Dynamics Inc. (STLD), it has submitted a Non-Binding Indicative Offer (NBIO) to acquire 100% of BlueScope Steel Ltd (BSL.AX) through a ...

SGH Ltd. and Steel Dynamics Inc. (SDI) say they have submitted a revised nonbinding indicative offer (NBIO) to acquire BlueScope Steel Ltd., headquartered in Australia, which the board of BlueScope ...

Twelve months since the Whyalla steelworks was forced into administration, the sale process has entered its final stages, with the number of interested buyers narrowing from a field of 70 to five. One ...

CEO cites stronger U.S. spreads, higher volumes across key markets and solid cost performance as contributing to the increase ...

(Reuters) -Shares of Australian steel producer BlueScope Steel jumped on Monday to a more than three-month high after U.S. President Donald Trump said he planned to double tariffs on imported steel.