Wednesday, February 18, 2026 at 12:03 AM
Under the revised offer, BlueScope shareholders would receive about $22.93 per share in cash, Steel Dynamics and SGH said.
BlueScope Steel’s plans to expand further in the U.S. by investing in midstream capacity have fallen down the agenda.
The Australian logistics operator has agreed to support a takeover offer from a consortium led by Macquarie Asset Management that values its equity at $6.51 billion.
The deal marks the latest tie-up in the asset-management industry as firms are racing to build the scale needed to weather relentless fee pressure.
QXO agreed to buy closely held building materials distributor Kodiak Building Partners for about $2.25 billion in cash and stock.
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