BLUESCOPE STEEL ORD
Weekly Wrap: Markets edge as Rio-Glencore talks spark change in mining bid
Rio Tinto slides 6% on Glencore all-stock merger talks; BlueScope up 2% after rejecting a $30 offer. ASX 200 drifts -0.1% as deal news dominates.
BlueScope Steel knocks back “cheap” $13.15B takeover bid
BlueScope rejects a $13.15B SGH/SDI takeover as cheap, saying it undervalues assets, growth and future dividends; unanimous board stands firm.
SGH and SDI Launch $13.15B Takeover for BlueScope via Scheme
SGH and SDI unveil a $13.15B BlueScope bid at $30/sh, 27% premium, seeking 100% via scheme; North American ops to SDI, Australia+RoW to SGH.
Rio Tinto, BHP and BlueScope to collaborate on ‘green steel’ project
The Western Australian government has welcomed news of plans to utilise the state’s vast iron ore assets as part of investigations into the development of Australia’s first iron-making electric smelting furnace pilot plant – described as the “holy grail” of iron ore decarbonisation. Under the “green steel” strategy, leading WA iron ore producers Rio Tinto […]