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Steel Dynamics, SGH Raise BlueScope Steel Takeover Bid to $11 Billion
U.S. steelmaker Steel Dynamics and Australian conglomerate SGH have increased their takeover bid for BlueScope Steel to approximately $11 billion. The revised offer values BlueScope shareholders at A$32.35, or US$22.93, per share in cash, a significant increase from the previous December offer of A$30 per share, which was valued at roughly US$8.8 billion.