Brief: Bluescope Responds To Revised Takeover Proposal

SGH

26/02/2026 24:46

Feb 26 (Reuters) - BlueScope Steel Ltd BSL.AX:

ASX ALERT-BLUESCOPE RESPONDS TO REVISED TAKEOVER PROPOSAL,SGH

CONSIDER THERE ARE VARIOUS WAYS TO INCREASE VALUE DESPITE BEST AND FINAL OFFER

CO PROVIDED LETTER TO CONSORTIUM IN RESPONSE TO PROPOSAL

REVISED PROPOSAL DOES NOT ADEQUATELY ADDRESS VALUATION CONCERNS

REMAINS OPEN TO TRANSACTION AT A PRICE THAT REFLECTS FAIR VALUE OF CO

BOARD IS OPEN TO FURTHER ENGAGEMENT WITH CONSORTIUM

CANNOT AGREE TO PROPOSAL GIVEN CONSORTIUM ASKING BOARD TO RECOMMEND TRANSACTION BEFORE CONSORTIUM DECIDED WHETHER TO PROCEED

Further company coverage: BSL.AX

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