Market Chatter: BlueScope Steel Faces Investor Calls to Sell North American Business

MT Newswires Live
01/16

BlueScope Steel's (ASX:BSL) major shareholders are urging the board to explore buyer interest in its North American business, Australian Financial Review reported Friday, citing four unnamed sources with knowledge about the matter.

Investors supported rejecting a AU$30 per share takeover bid from SGH (ASX:SGH) and Nasdaq-listed Steel Dynamics during discussions with Chairwoman Jane McAloon and the management team, according to the sources.

However, they urged the board to take action to enhance investor value, noting the potential of the company's US business, saying that buyers are willing to pay high prices, but this is not reflected in the current share price.

While the company was open to exploring various options, it said it was not yet prepared to initiate a formal strategic review, the sources said.

BlueScope Steel did not immediately respond to a request for comment from MT Newswires.

Its shares fell nearly 1% in afternoon trade on Friday.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10