G'day,
BlueScope Steel (don't u just love that strong name for a steel company?) has either got a serious case of altzheimers or gone on a strategic walkabout.
A couple of years ago (maybe three) they sold out of their down stream steel coatings and building products businesses in the US because they didn't strategically fit - that was their excuse at the time at least. Sold them to some Mexican bandidos. Now what do they do? well go and buy somemore again of couse - silly person for asking; this time an ailing building products company called Butler Manufacturing - is it ailing? Well with a turnover of US$750m odd they are paying just US$22.5m.
Perhaps this is the deal of the century or perhaps they are paying what it is really worth 3/5 of 5/8 of.......you guessed it.
The things some people will do just to be able to take more overseas trips never ceases to amaze.
strategic walkabout - lapse of memory
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Last
$22.93 |
Change
1.200(5.52%) |
Mkt cap ! $10.06B | |||
| Open | High | Low | Value | Volume |
| $22.46 | $23.20 | $22.42 | $118.2M | 5.162M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8859 | $22.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.93 | 2039 | 1 |
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| Last trade - 16.10pm 07/11/2024 (20 minute delay) ? |
| BSL (ASX) Chart |