SGH Could Improve Its Offer for BlueScope -- Market Talk

Dow Jones01-08

0042 GMT - SGH has some room to improve its bid for BlueScope, according to Macquarie. SGH proposed buying BlueScope for A$30 a share and then selling its North American businesses to Steel Dynamics. "We sense investors see the bid price as low, while the deal prospect is real," Macquarie analysts say. "Shift in terms, and economics, thus seem likely as time passes." They reckon it could be a lengthy bidding process. But for SGH, "we find accretion and leverage outcomes relatively resilient to changes in bid prices owing to solid deal multiple arbitrage," they say. That is based on paying A$6-A$10 per BlueScope share for its businesses outside of North America. They assign A$24 a share to the North American businesses as "a reasonable starting point," based on an earlier failed bid from Steel Dynamics. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

(END) Dow Jones Newswires

January 07, 2026 19:42 ET (00:42 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2601380007?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-01-08 08:42","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2601380007","market":"other","top_or_hot":-1,"title":"SGH Could Improve Its Offer for BlueScope -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0042 GMT - SGH has some room to improve its bid for BlueScope, according to <a href=\"https://laohu8.com/S/MQG.AU\">Macquarie</a>. SGH proposed buying BlueScope for A$30 a share and then selling its <a href=\"https://laohu8.com/S/FNCSF\">North American</a> businesses to <a href=\"https://laohu8.com/S/STLD\">Steel Dynamics</a>. \"We sense investors see the bid price as low, while the deal prospect is real,\" Macquarie analysts say. \"Shift in terms, and economics, thus seem likely as time passes.\" They reckon it could be a lengthy bidding process. But for SGH, \"we find accretion and leverage outcomes relatively resilient to changes in bid prices owing to solid deal multiple arbitrage,\" they say. That is based on paying A$6-A$10 per BlueScope share for its businesses outside of North America. They assign A$24 a share to the <a href=\"https://laohu8.com/S/NOA\">North American</a> businesses as \"a reasonable starting point,\" based on an earlier failed bid from Steel Dynamics. (rhiannon.hoyle@wsj.com; @RhiannonHoyle) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 07, 2026 19:42 ET (00:42 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SGH Could Improve Its Offer for BlueScope -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSGH Could Improve Its Offer for BlueScope -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-01-08 08:42</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0042 GMT - SGH has some room to improve its bid for BlueScope, according to <a href=\"https://laohu8.com/S/MQG.AU\">Macquarie</a>. SGH proposed buying BlueScope for A$30 a share and then selling its <a href=\"https://laohu8.com/S/FNCSF\">North American</a> businesses to <a href=\"https://laohu8.com/S/STLD\">Steel Dynamics</a>. \"We sense investors see the bid price as low, while the deal prospect is real,\" Macquarie analysts say. \"Shift in terms, and economics, thus seem likely as time passes.\" They reckon it could be a lengthy bidding process. But for SGH, \"we find accretion and leverage outcomes relatively resilient to changes in bid prices owing to solid deal multiple arbitrage,\" they say. That is based on paying A$6-A$10 per BlueScope share for its businesses outside of North America. They assign A$24 a share to the <a href=\"https://laohu8.com/S/NOA\">North American</a> businesses as \"a reasonable starting point,\" based on an earlier failed bid from Steel Dynamics. (rhiannon.hoyle@wsj.com; @RhiannonHoyle) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 07, 2026 19:42 ET (00:42 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4588","symbol_name":"碎股","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2601380007","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2601380007","pubTimestamp":1767832920,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0042 GMT - SGH has some room to improve its bid for BlueScope, according to Macquarie. SGH proposed buying BlueScope for A$30 a share and then selling its North American businesses to Steel Dynamics. \"We sense investors see the bid price as low, while the deal prospect is real,\" Macquarie analysts say. \"Shift in terms, and economics, thus seem likely as time passes.\" They reckon it could be a lengthy bidding process. But for SGH, \"we find accretion and leverage outcomes relatively resilient to changes in bid prices owing to solid deal multiple arbitrage,\" they say. That is based on paying A$6-A$10 per BlueScope share for its businesses outside of North America. They assign A$24 a share to the North American businesses as \"a reasonable starting point,\" based on an earlier failed bid from Steel Dynamics. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4588":"碎股","BK4516":"特朗普概念","BK4585":"ETF&股票定投概念","BK7120":"特殊消费者服务","BK7129":"钢铁","STLD":"Steel Dynamics","BSL.AU":"BLUESCOPE STEEL LTD","BK7031":"贸易公司与经销商","SGH.AU":"SGH Ltd","LU0868494617.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) ACC","BK4006":"钢铁"},"translate_title":"SGH可能会提高对博思格的报价——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BSL.AU":0.9,"STLD":0.9,"SGH.AU":0.9},"content_text":"0042 GMT - SGH has some room to improve its bid for BlueScope, according to Macquarie. SGH proposed buying BlueScope for A$30 a share and then selling its North American businesses to Steel Dynamics. \"We sense investors see the bid price as low, while the deal prospect is real,\" Macquarie analysts say. \"Shift in terms, and economics, thus seem likely as time passes.\" They reckon it could be a lengthy bidding process. But for SGH, \"we find accretion and leverage outcomes relatively resilient to changes in bid prices owing to solid deal multiple arbitrage,\" they say. That is based on paying A$6-A$10 per BlueScope share for its businesses outside of North America. They assign A$24 a share to the North American businesses as \"a reasonable starting point,\" based on an earlier failed bid from Steel Dynamics. (rhiannon.hoyle@wsj.com; @RhiannonHoyle) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 07, 2026 19:42 ET (00:42 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2601380007","isCrawlerRequest":true}