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Two offers in late 2024 from a different Steel Dynamics-led consortium at AU$27.50 and AU$29 per share
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A separate proposal in early 2025 that BlueScope said significantly undervalued the business and carried execution risk
Those rejections underscore the board’s caution as it confronts the latest, higher-priced bid.
What Shareholders Should Know
For now, BlueScope stressed that shareholders do not need to take any action. The review process is ongoing, and no decision has been made.
In addition to legal counsel from HSF Kramer, BlueScope said it has appointed UBS as its financial adviser as it navigates the proposal.
