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Exclusivity arrangements
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Completion of due diligence
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Regulatory approvals
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Debt funding support
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A unanimous recommendation from BlueScope’s board
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Approval by shareholders
BlueScope said its board, management, and advisers are carefully assessing whether the offer stacks up against the company’s underlying value.
How BlueScope Is Valuing the Bid
In evaluating the proposal, BlueScope said it will weigh several core factors, including:
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The strength of its asset base
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Expected cash flow growth as major capital projects near completion
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A AU$2.3 billion investment program aimed at delivering AU$500 million in additional annual earnings by 2030
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The strategic value of its landholdings
The company signaled that these fundamentals form the backbone of its long-term outlook and will be central to any decision.
History of Rejected Bids
BlueScope noted that this is not the first time suitors have come calling. The board previously rejected three unsolicited approaches, including:
