BlueScope Steel has secured a pivotal advantage at Whyalla Steelworks, gaining a rare “last look” provision that gives it the right to beat any final offers to acquire the facility.
Street Talk understands the administrators have granted ASX-listed BlueScope Steel a ‘right-of-last-offer’ and the ability to form a consortium with other interested parties.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
