BlueScope Says Revised A$15 Billion Bid Falls Short but Will Engage with Consortium
BlueScope’s board has informed the SGH and Steel Dynamics consortium that a revised A$15 billion (US$10.7 billion) offer, equating to A$34 per share and reduced to A$32.35 after recent dividends, is insufficient for the board to recommend a scheme of arrangement. The company says it is prepared to continue discussions if the bidders raise the propo…