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SGH Limited (ASX:SGH)

ALERT: Price-sensitive ASX Announcement for SGH
Current share price for SGH : $43.320 -3.5 (-7.48%)+
Announcement
Release
18 Feb 2026 9:00AM
Price at Release
$46.820
Full Release
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Summary
SGH Ltd and Steel Dynamics, Inc. (SDI) have put forth a revised proposal to acquire 100% of BlueScope Steel Ltd (BSL) with an offer of A$32.35 per share, valuing BSL at approximately A$15 billion. This proposal represents a significant premium over BSL’s previous trading values and is subject to customary regulatory approvals. If successful, SGH plans to sell BSL's North American operations to SDI while retaining the Australia and Rest of World operations. This strategic acquisition aligns with SGH's capital allocation criteria and operational model, and SDI's strategic interests in expanding its steel production capabilities. Engagements with BSL are ongoing to satisfy due diligence and other transaction conditions, with SGH committed to updating the market as developments occur.
Key Points
  • SGH and SDI revised proposal to acquire BlueScope Steel Ltd for A$32.35 per share.
  • Total equity value for BSL approximately A$15 billion.
  • 47% premium to BSL’s adjusted closing share price.
  • SGH to retain BSL’s Australia + Rest of World operations, SDI to acquire North American operations.
  • Proposal aligned with SGH's capital allocation criteria and SGH operating model.
  • Strategic opportunity for SDI's steel production and related platforms.
  • Proposal subject to regulatory approvals, due diligence, and binding agreement completion.
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.