SGH Ltd

SGH: XASX (AUS)
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SGH: Indicative Offer With Steel Dynamics to Split BlueScope

SGH, alongside US-listed Steel Dynamics, has submitted a nonbinding indicative offer to acquire BlueScope for AUD 30 per share. SGH would retain BlueScope's Australian and rest-of-world operations and on-sell the North American business to Steel Dynamics. SGH shares rose 5%.

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