Analyst Price Targets — SGH
Latest News for SGH
BlueScope Chair Jane McAloon says the board is open to further engagement if Steel Dynamics and SGH address several issues.
Under the revised offer, BlueScope shareholders would receive 32.35 Australian dollars, equivalent to about US$22.93, per share in cash, Steel Dynamics and SGH said.
Australian billionaire Kerry Stokes-owned SGH Ltd and U.S.-based Steel Dynamics on Wednesday sweetened their takeover offer for BlueScope Steel , valuing the Australian steelmaker at A$15 billion ($10.62 billion).
BlueScope argued that the bid didn't reflect the value expected to be realized through current initiatives, including growth investments and land monetization.
Australian conglomerate SGH , led by media billionaire Kerry Stokes, has made a A$13.15 billion ($8.83 billion) bid for BlueScope , aiming to broaden its industrial footprint and pushing the steelmaker's shares to a 17-year high.
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