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Bluescope Steel ( (AU:BSL) ) has issued an announcement.
BlueScope Steel has confirmed it received an unsolicited, non-binding and indicative proposal on 12 December 2025 from a consortium comprising Australia’s SGH Limited and US-based Steel Dynamics to acquire all BlueScope shares for $30.00 in cash per share via a scheme of arrangement. Under the structure outlined, SGH would acquire all of BlueScope before on-selling its North American businesses to Steel Dynamics, with the proposal subject to extensive conditions including due diligence, board and shareholder approvals, regulatory clearances and highly conditional debt funding support. The board, working with advisers UBS and Herbert Smith Freehills, is evaluating the offer against its view of BlueScope’s fundamental value, citing resilient earnings from its asset base, an expected uplift in cash flow as capital projects complete and working capital is released, a $2.3 billion growth investment targeting an additional $500 million in annual earnings by 2030, and significant latent value in its 1,200-hectare land portfolio now being rezoned and monetised. The company also disclosed it had previously rejected three Steel Dynamics-led approaches in late 2024 and early 2025, at prices up to $29.00 per share, on the basis they significantly undervalued BlueScope and carried material regulatory execution risk, underscoring the board’s focus on maximising shareholder value as it weighs the latest bid.
The most recent analyst rating on (AU:BSL) stock is a Buy with a A$27.50 price target. To see the full list of analyst forecasts on Bluescope Steel stock, see the AU:BSL Stock Forecast page.
More about Bluescope Steel
BlueScope Steel is an Australia-based steelmaker with a portfolio of high-quality steel and related assets spanning North America and other international markets. The company focuses on producing steel products while investing heavily in sustainable earnings growth, productivity improvements and monetising extensive landholdings, positioning itself as a resilient, cash-generative player in the global steel industry.
YTD Price Performance: 0.29%
Average Trading Volume: 3,069,295
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$10.57B
Find detailed analytics on BSL stock on TipRanks’ Stock Analysis page.