BlueScope Steel shares drop 1% after rejecting $9 billion takeover bid
ReutersJan 7, 2026 11:12 PM
SYDNEY, Jan 8 (Reuters) - Shares of BlueScope Steel BSL.AX were down 1.1% in early trading on Thursday after the company rejected a $9 billion takeover offer from SGH SGH.AX and U.S-based Steel Dynamics STLD.O
SGH shares were off 0.7% after BlueScope said the $A30 per share SGH-led offer "very significantly undervalued" the Australian steel maker.
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