Brief: Bluescope Steel Confirms Receipt Of Proposal To Buy Co For A$30 Cash Per Share

BLUESCOPE STEEL

05/01/2026 09:29

Jan 5 (Reuters) - BlueScope Steel Ltd BSL.AX:

BLUESCOPE RESPONDS TO MEDIA SPECULATION

CONFIRMS THAT ON 12 DEC RECEIVED AN UNSOLICITED, NON-BINDING AND INDICATIVE PROPOSAL

RECEIVED PROPOSAL FROM AN AUSTRALIAN AND US CONSORTIUM

PROPOSAL FOR A$30.00 CASH PER BLUESCOPE SHARE

PREVIOUSLY CONSIDERED AND UNANIMOUSLY REJECTED THREE SEPARATE UNSOLICITED APPROACHES

INDICATIVE PROPOSAL WOULD SEE SGH ACQUIRE ALL OF BLUESCOPE'S SHARES

INDICATIVE PROPOSAL WOULD THEN ON-SELL BLUESCOPE'S NORTH AMERICAN BUSINESSES TO STEEL DYNAMICS

CONSIDERING AND EVALUATING INDICATIVE PROPOSAL

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 ((Reuters.Briefs@thomsonreuters.com;))