A few bob more? The great ‘best and final’ vanishing act at BlueScope
If SGH and Steel Dynamics are not the answer, Bluescope’s investors will want them to find another one.
BlueScope wants Ryan Stokes’ SGH Group to weasel its way out of a “best and final” commitment, and we’re all supposed to be OK with that.
How’s that right? Why have an established truth in the nation’s takeovers regime if it apparently means so little and can be gamed by bidders, targets and lawyers and their minute and precise decisions around language used around the “best and final” statement?
