Bluescope Steel Confirms Receipt Of Proposal To Buy Co For A$30 Cash Per Share

Reuters
Jan 05
Jan 5 (Reuters) - BlueScope Steel Ltd ::
*BLUESCOPE RESPONDS TO MEDIA SPECULATION
*CONFIRMS THAT ON 12 DEC RECEIVED AN UNSOLICITED, NON-BINDING AND INDICATIVE PROPOSAL
*RECEIVED PROPOSAL FROM AN AUSTRALIAN AND US CONSORTIUM
*PROPOSAL FOR A$30.00 CASH PER BLUESCOPE SHARE
*PREVIOUSLY CONSIDERED AND UNANIMOUSLY REJECTED THREE SEPARATE UNSOLICITED APPROACHES
*INDICATIVE PROPOSAL WOULD SEE SGH ACQUIRE ALL OF BLUESCOPE'S SHARES
*INDICATIVE PROPOSAL WOULD THEN ON-SELL BLUESCOPE'S NORTH AMERICAN BUSINESSES TO STEEL DYNAMICS
*CONSIDERING AND EVALUATING INDICATIVE PROPOSAL
*Further company coverage: BSL.AX
* ((Reuters.Briefs@thomsonreuters.com;))

((Reuters Investor Briefs; email: reutersinvestor.briefs@thomsonreuters.com))
Source Date/Time = 05-JAN-202609:29:29 GMT

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