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BlueScope Steel to pay $438M dividend after rejecting $13B takeover bid.
BlueScope Steel, Australia's largest steelmaker, will pay a $438 million special dividend of $1 per share to shareholders after rejecting a $13 billion takeover bid from the Stokes family and U.S. firm Steel Dynamics.
The payout is funded by surplus cash from asset sales, including its 50% stake in the Tata BlueScope joint venture in India, the $76 million sale of 33 hectares of land in West Dapto, NSW, and the release of about $200 million in working capital.
The move aims to reward investors and strengthen the company’s financial position following the failed acquisition attempt.
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BlueScope Steel pagará un dividendo de $ 438 millones después de rechazar una oferta de adquisición de $ 13 mil millones.