BlueScope Steel shareholders will have to weigh up the promise of bumper dividends against a richer takeover offer after the manufacturing giant’s two suitors lobbed an improved, $14.2 billion bid to acquire the company.
The offer from the Stokes family-controlled conglomerate SGH Limited and its Nasdaq-listed bidding partner Steel Dynamics was labelled best and final, and is the fifth attempt by the American company to buy BlueScope.
