SYDNEY, Jan 6, 2026 (BSS/AFP) - Australia's BlueScope Steel says it is evaluating a Aus$13.2 billion (US$8.8 billion) joint takeover bid by a US rival and a diversified local firm. BlueScope Steel, which has more than 16,500 employees worldwide, said it was the fourth attempt by US-based Steel Dynamics to snap up its American steel-making operations. In the latest bid, Steel Dynamics has teamed up with Australian industry, energy and media company SGH to buy and split up the steelmaker, the companies said. Three previous takeover bids involving Fort Wayne, Indiana-based Steel Dynamics had "significantly undervalued BlueScope and its future prospects", BlueScope said. SGH and Steel Dynamics said their bid represented a total equity value of Aus$13.2 billion.

Source: Bangladesh Sangbad Sangstha January 06, 2026 03:24 UTC