Business
SGH and Steel Dynamics confirm the submission of a NBIO to acquire BlueScope Steel Ltd
SGH and Steel Dynamics confirm the submission of a NBIO to acquire BlueScope Steel Ltd
About this update from Sgh Limited
[{"type":"text","content":"FORT WAYNE, Ind., Jan. 5, 2026 /PRNewswire/ --","length":46,"tagName":"p"},{"type":"text","content":"6 January 2026 AEDT / 5 January 2026 EST","length":40,"tagName":"p"},{"type":"text","content":"Company Announcements Office Australian Securities Exchange Limited 20 Bridge Street SYDNEY NSW 2000","length":118,"tagName":"p"},{"type":"text","content":"Overview ","length":8,"tagName":"p","attribs":{}},{"type":"text","content":"In response to media speculation, SGH Ltd (ASX: SGH) confirms it has submitted a Non-Binding Indicative Offer (NBIO), together with Steel Dynamics, Inc. (SDI) (NASDAQ/GS: STLD), for SGH to acquire 100% of BlueScope Steel Ltd (ASX: BSL) by way of a scheme of arrangement (the Proposal).","length":285,"tagName":"p"},{"type":"image","alt":"Steel Dynamics (PRNewsfoto/Steel Dynamics, Inc.)","displaySize":"","headline":null,"caption":"Steel Dynamics (PRNewsfoto/Steel Dynamics, Inc.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":100,"url":"https://media.zenfs.com/en/prnewswire.com/396cd229de1ce8e2af1e7d7d6ff993a9"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/qf2KL6sp0Ug3lnprUUClNA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTE3NjtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/396cd229de1ce8e2af1e7d7d6ff993a9","width":400,"height":100}},"href":"https://mma.prnewswire.com/media/1679329/Steel_Dynamics_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"image","alt":"SGH logo","displaySize":"","headline":null,"caption":"SGH logo","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":162,"url":"https://media.zenfs.com/en/prnewswire.com/b906b1a6b1004b83f2c2884b5f0ff060"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/9kvf0vW6tZchU_xjxzTcMw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTI4NjtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/b906b1a6b1004b83f2c2884b5f0ff060","width":400,"height":162}},"href":"https://mma.prnewswire.com/media/2854836/SGH.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"If the Proposal is implemented and following the transaction close, SGH would on-sell BSL's North American operations to SDI, which include BSL's North Star Flat Rolled Steel Mill and Building and Coated Products North America businesses. SGH would retain the remaining BSL "Australia + Rest of World&q...