BlueScope (ASX:BSL) share price soars 17% on SGH (ASX:SGH) takeover bid

The BlueScope Steel Ltd (ASX: BSL) share price jumped 17% after receiving a takeover bid from SGH Ltd (ASX: SGH).BlueScope Steel is a large steel manufacturer with a presence in both Asia Pacific (namely Australia) as well as North America.SGH is a diversified industrial company – WesTrac is one of the largest Caterpillar dealers globally. It also owns Coates, boral, almost a third of Beach Energy Ltd (ASX: BPT) and 40% of Seven West Media Ltd (ASX: SWM).SGH bid for BlueScope SteelASX share SGH and NASDAQ-l ...