Atomic wedgies make $14b takeover fight for BlueScope even spicier
The steel group feels bidders SGH and Steel Dynamics tried to push it into a corner with their latest bid for the company. Now it is pushing back.
The “firsts” in the $14 billion battle for BlueScope Steel just keep coming.
It was the first time we’ve seen a target release the sort of monster slide deck BlueScope chair Jane McAloon dropped in early January to reject a $30 cash offer from US steel group Steel Dynamics and local conglomerate SGH.
