BlueScope Says Revised SGH-Steel Dynamics Offer Falls Short of Value Expectations
BlueScope Steel said on Thursday it has formally responded to a A$15 billion revised takeover proposal from a consortium led by SGH Ltd and Steel Dynamics, arguing the A$34.00 headline price - which includes A$1.65 of already-announced dividends - does not reflect its valuation. The company highlighted how planned dividend distributions and timing …