BlueScope Steel Confirms $30 Takeover Offer, Shares Surge 22%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 06 2026
0mins
Source: NASDAQ.COM
- Acquisition Offer Confirmation: BlueScope Steel confirmed it received a $30 per share takeover offer from a consortium led by SGH Ltd and US-based Steel Dynamics, resulting in a nearly 22% surge in its stock price, indicating strong market optimism about the potential deal and possibly triggering an industry consolidation wave.
- Market Performance Volatility: Despite the overall decline in the Australian stock market, with the S&P/ASX 200 index falling 0.46% to 8,688.10 points, BlueScope's robust performance highlights the resilience of individual stocks under merger news, which may attract more investor interest.
- Service Sector Expansion Slows: According to the latest survey from S&P Global, Australia's service sector continued to expand in December with a PMI score of 51.1, although down from 52.8 in November, it remains above the critical 50 mark, indicating a stable economic foundation.
- Currency Market Dynamics: The Australian dollar is trading at $0.672 on Tuesday, reflecting a cautious market sentiment regarding Australia's economic outlook, which could impact the profitability of export and import businesses.
Analyst Views on BSL
Wall Street analysts forecast BSL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BSL is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
0 Buy
0 Hold
0 Sell
Current: 13.610
Low
Averages
High
Current: 13.610
Low
Averages
High
No data
About BSL
Blackstone Senior Floating Rate 2027 Term Fund (the Fund) is a diversified, closed-end management investment company. The Fund's primary investment objective is to seek high current income, with a secondary objective to seek preservation of capital, consistent with its primary goal of high current income. Under normal market conditions, the Fund invests at least 80% of its Managed Assets in senior, secured floating rate loans (Senior Loans). The Fund may also invest in second-lien loans and high yield bonds and employs financial leverage, which may increase risk to the Fund. It invests in various sectors, including healthcare providers and services, software, capital markets, building products, aerospace and defense, financial services, healthcare equipment and supplies, professional services and information technology (IT) services. Blackstone Liquid Credit Strategies LLC (the Adviser) acts as the investment adviser of the Fund.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
