Subscribe to Newsletter to get latest insights & analysis in your inbox. Download the ETInfra App and get the Realtime updates and Save your favourite articles. Media billionaire Kerry Stokes-owned SGH Ltd and US-based Steel Dynamics raised their takeover offer for BlueScope Steel to A$15 billion ($10.62 ‌billion), in a "best ⁠and ⁠final" bid to buy the Australian steelmaker.SGH and Steel Dynamics on Wednesday ​said they will now pay A$32.35 per BlueScope share in cash. That excludes ​the dividends BlueScope announced recently, and is 8 per cent higher than the prior bid of A$30 a share, which was rejected as "undervaluing" the company.The ​new offer represents a premium of ⁠15.5 per cent to ‌BlueScope's last closing value of A$28.00 on Tuesday. Last month, it announced a special dividend of A$1 per share.>

Source: Economic Times February 18, 2026 17:06 UTC