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Story summary
- BlueScope Steel faces an A$13.15 billion takeover proposal from SGH and Steel Dynamics.
- The offer values BlueScope at A$30 per share, a 27% premium.
- SGH would retain BlueScope's Australian and Asian operations, while Steel Dynamics would acquire the North American business.
- BlueScope's board is evaluating the proposal after previously rejecting three lower offers.
- Investors should monitor updates as negotiations progress, since both sides expect approvals but no agreement is guaranteed.
