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BlueScope Steel’s Limited (ASX:BSL) proposed acquisition of Fielders Australia has the all-clear from the competition watchdog.
The ACCC says it will not oppose Bluescope subsidiary Lysaght’s proposal to buy competitor Fielders Australia.
The regulator says the deal would be unlikely to substantially lessen competition.
In relation to steel formwork, the ACCC considered that while the acquisition represents the merger of two main suppliers, customers will continue to have other suppliers.
BlueScope Steel booked a net loss of $62.6 million in fiscal 2013.
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Last
$22.53 |
Change
0.060(0.27%) |
Mkt cap ! $9.881B | |||
| Open | High | Low | Value | Volume |
| $22.30 | $22.60 | $22.22 | $21.84M | 971.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 154 | $22.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.54 | 2338 | 2 |
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| BSL (ASX) Chart |