Australian Takeover Target BlueScope Charms Shareholders ...

Bluescope Steel entices shareholders with $438m payday

Australia's biggest steelmaker will pay investors a special dividend of $1 per share after rejecting a takeover overture...

BlueScope rolls out $438m dividend after rejected bid

The $1-a-share unfranked payout aims to underline the steelmaker can do better for shareholders than a rejected $13 billion offer by the Stokes family’s SGH and US group Steel Dynamics.

Australian takeover target BlueScope charms shareholders ...

ASX Falls, Lynas Soars; BlueScope Issues Dividend

The Australian share market experienced a downturn, while certain companies bucked the trend with significant gains. Lynas, a rare earths producer, saw its shares soar by 6 per cent. Lynas is an Australian company specialising in the mining and processing of rare earth minerals. Their products are essential for various high-tech applications. BlueScope, the country’s largest steelmaker, announced it would return $438 million to shareholders thro…

BlueScope returns $438m to shareholders with special dividend

The BlueScope Steel Ltd (ASX: BSL) share price is in focus today after the company announced it will return $438 million to shareholders via a $1.00 per share unfranked special dividend, following several recent asset sales and cash flow initiatives. What did BlueScope report? Declared an unfranked special dividend of $1.00 per share, totalling $438 million Surplus cash generated from sale of 50% Tata BlueScope joint venture for $167 million Ag…