secwatch.observer — SEC 8-K summary
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Issuer:     STEEL DYNAMICS INC (STLD)
CIK:        0001022671
Form:       8-K
Filed at:   2026-02-17T23:59:59+00:00
Accession:  0001104659-26-016583
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Steel Dynamics and SGH submit best and final A$32.35/share all-cash offer for BlueScope Steel
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- Offer of A$32.35/share (adjusted for dividends) implies total equity value of A$15B (US$11B), all cash.
- Premiums: 47% to BSL's undisturbed price, 56% to 52-week VWAP, 32% to 15-year high.
- Post-close, SGH would on-sell BSL's North American operations to Steel Dynamics.
- Proposal subject to due diligence, regulatory approvals, and binding scheme implementation deed.
- SDI and SGH state this is best and final absent a superior competing proposal.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1022671/000110465926016583/0001104659-26-016583-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1022671/000110465926016583/tm266672d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-016583

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer