SGH and Steel Dynamics Submit $30 Cash Offer for BlueScope Steel Acquisition
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 05 2026
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Source: Newsfilter
- Acquisition Proposal: SGH and Steel Dynamics have submitted a non-binding indicative offer to acquire 100% of BlueScope Steel at AUD $30 per share, representing a 27% premium over its closing price, providing shareholders with a compelling opportunity for value uplift.
- Market Response: The total equity value of the proposal is AUD $13.2 billion (USD $8.8 billion), and the expectation of no significant obstacles in obtaining regulatory approvals is likely to enhance market confidence in the transaction.
- Strategic Integration: Post-acquisition, SGH will retain BlueScope's operations in Australia and the Rest of World while selling its North American operations to Steel Dynamics, aiming to optimize resource allocation and enhance competitive positioning in their respective markets.
- Management Commitment: SGH intends to offer board positions to current BlueScope directors to ensure knowledge transfer and plans to retain key management, reflecting a commitment to business continuity that is expected to strengthen team stability and execution capabilities.
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.
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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.
