SGH and Steel Dynamics Submit A$30 Offer for BlueScope Steel Acquisition
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 06 2026
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Source: NASDAQ.COM
- Acquisition Proposal: SGH and Steel Dynamics have submitted a non-binding indicative offer to acquire BlueScope at A$30 per share, representing a 27% premium over its closing price, valuing BlueScope at A$13.2 billion and providing shareholders with immediate value uplift.
- Business Integration: Under the proposal, SGH will retain BlueScope's Australia and Rest of World operations, while Steel Dynamics will acquire its North American operations, ensuring both companies maintain leadership positions in their respective markets.
- Exclusivity Agreement: SGH and Steel Dynamics have entered into a 12-month exclusivity agreement, committing significant resources to advance the transaction, with no anticipated major regulatory hurdles, thereby accelerating the deal process.
- Management Retention: To ensure continuity, SGH intends to offer one or two board positions to current BSL directors and retain key management for the Australian operations, demonstrating a commitment to business stability.
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.
