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SGH Ltd and Steel Dynamics have submitted a non-binding indicative offer to acquire 100% of BlueScope Steel Ltd for AUD 13.2 billion (USD 8.8 billion) in cash, with SGH retaining Australian operations and on-selling North American operations to Steel Dynamics.
“The Proposal provides BSL shareholders with an immediate, certain opportunity to realise a material uplift in value.”steel-technology.com
Summarized from public sources; check the original articles before acting on it.