Jefferies sets a new price target of $85 for NYSE:CMC, indicating a potential increase of approximately 19.18%.CMC reports net earnings of $177.3 million, with a 52% increase in consolidated core EBITDA year-over-year.The company invests over $2.5 billion in the precast concrete industry, aiming to bolster its financial performance and strategic growth.Commercial Metals Company (NYSE:CMC) is a prominent player in the steel and metal industry, known for its production and recycling of steel and metal product ...

Join our daily newsletter At The Bell to receive exclusive market insightsASX today – Friday in Week 2 is looking like an M&A kind of day, with Kerry Stokes’ eager conglomerate now preparing another BlueScope Steel (ASX:BSL) tilt and Glencore confirming it’s speaking to Rio Tinto (ASX:RIO) again.Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.These bumper conversations – two of the biggest deals the ASX ...

Asian shares ended mixed on Thursday amid escalating China-Japan tensions and ahead of key U.S. jobs data due this week that could influence the Federal Reserve's rate trajectory. Oil ticked higher in Asian trade after the U.S. said it plans to control Venezuela's oil sales 'indefinitely'. Gold extended overnight losses, pressured by a firm dollar. China's Shanghai Composite index finished marginally lower at 4,082.98 after a choppy session. Hong Kong's Hang Seng index declined 1.17 percent to 26,149.31, d ...

Shares of BlueScope Steel were down 2% in early trading on Thursday after the company rejected a A$13.2 billion ($8.87 billion) takeover offer from Australian conglomerate SGH and U.S.-based Steel Dynamics. ...

The BlueScope Steel (ASX: BSL) share price sank over 2% after the company released a fiery response to SGH and Steel Dynamics takeover offer bid.BlueScope is a steel manufacturer and global leader in metal coating and painting products, with Colorbond being one of its most well-known brands. It has operations in the USA and the Asia Pacific region including Australia.Decisive response to takeover offerA non-binding indicative offer was made on Tuesday to acquire the whole of BlueScope Steel. This offer came ...

The new year is already off to a strong start, with both the Dow Jones Industrial Average (DJI) and S&P 500 Index (SPX) with fresh record closes under their belts. For investors looking to keep up this momentum in the first quarter, Senior Quantitative Analyst Rocky White composed a list of the best 25 stocks to own during this period.Though Steel Dynamics Inc (NASDAQ:STLD) stock doesn't top the list overall, it leads in terms of largest percentage gains. The security finished the first quarter higher in ei ...

BlueScope argued that the bid didn't reflect the value expected to be realized through current initiatives, including growth investments and land monetization. ...

Earnings Per Share (EPS) is expected to be $1.55, with revenue projected at $2.05 billion.CMC reported a significant rise in earnings from the previous year, indicating strong performance and market position.The company declared a quarterly dividend of 18 cents per share, with a stock price increase of 1.3%, closing at $72.69.Commercial Metals Company (NYSE: CMC) is a key player in the steel and metal industry, known for its production and recycling of steel and metal products. As a competitor in a market w ...

Core Viewpoint - Australian conglomerate SGH, led by media billionaire Kerry Stokes, has made a A$13.15 billion ($8.83 billion) bid for BlueScope, aiming to broaden its industrial footprint and push into the steelmaking sector [1] Group 1: Company Strategy - SGH's acquisition of BlueScope is part of a strategic move to expand its industrial operations [1] - The bid reflects SGH's intent to diversify its portfolio and enhance its presence in the steel industry [1] Group 2: Financial Details - The proposed bid amounts to A$13.15 billion, equivalent to $8.83 billion [1] - This financial commitment indicates SGH's confidence in the potential growth and profitability of BlueScope [1]

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 ...