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BlueScope Steel Limited (ASX:BSL)

ALERT: Price-sensitive ASX Announcement for BSL
Current share price for BSL : $32.720 8.27 (33.82%)+
Announcement
Release
6 Jan 2026 7:55AM
Price at Release
$24.450
Full Release
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Summary
SGH Ltd and Steel Dynamics, Inc. have jointly submitted a Non-Binding Indicative Offer to acquire BlueScope Steel Ltd. The proposed acquisition aims to purchase BSL’s shares at AUD$30.00 per share, representing a 27% premium on the closing share price at the NBIO submission. Upon completion, SGH will take over BSL's operations in Australia and other regions, while SDI will acquire BSL's North American business. The deal is valued at AUD$13.2 billion and promises considerable value to BSL shareholders. The proposal is subject to standard conditions, including due diligence and regulatory approvals. No equity raise will be necessary as the funding will be procured from existing cash reserves and debt financing.
Key Points
  • SGH and SDI submitted a Non-Binding Indicative Offer to acquire BlueScope Steel Ltd.
  • The offer price per share is AUD$30.00, a 27% premium over the closing share price at the NBIO submission.
  • The proposal values BlueScope at AUD$13.2 billion.
  • SGH will retain BSL's operations in Australia and other regions, while SDI will take over the North American business.
  • The proposal is subject to due diligence and regulatory approvals.
  • The acquisition requires no new equity, utilizing existing cash reserves and debt financing.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.