BRIEF-Bluescope Responds To Revised Takeover Proposal

Reuters

02/26

Feb 26 (Reuters) - BlueScope Steel Ltd BSL.AX:

ASX ALERT-BLUESCOPE RESPONDS TO REVISED TAKEOVER PROPOSAL,SGH
CONSIDER THERE ARE VARIOUS WAYS TO INCREASE VALUE DESPITE BEST AND FINAL OFFER
CO PROVIDED LETTER TO CONSORTIUM IN RESPONSE TO PROPOSAL
REVISED PROPOSAL DOES NOT ADEQUATELY ADDRESS VALUATION CONCERNS
REMAINS OPEN TO TRANSACTION AT A PRICE THAT REFLECTS FAIR VALUE OF CO
BOARD IS OPEN TO FURTHER ENGAGEMENT WITH CONSORTIUM
CANNOT AGREE TO PROPOSAL GIVEN CONSORTIUM ASKING BOARD TO RECOMMEND TRANSACTION BEFORE CONSORTIUM DECIDED WHETHER TO PROCEED

Further company coverage: BSL.AX

((Reuters.Briefs@thomsonreuters.com;))

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