Bosco Steel fell 1.1% in early Thursday trading, and the company rejected a $9 billion takeover offer from SGH and US Steel Power. SGH shares fell 0.7% after BlueScope said the SGH-led buyout offer of $30 per share “clearly underestimated” the value of the Australian steelmaker.

Bosco Steel fell 1.1% in early Thursday trading, and the company rejected a $9 billion takeover offer from SGH and US Steel Power. SGH shares fell 0.7% after BlueScope said the SGH-led buyout offer of $30 per share “clearly underestimated” the value of the Australian steelmaker.