Ryan Stokes-led SGH and its US partner Steel Dynamics have announced an improved takeover proposal for Australia's largest steel producer, valuing BlueScope Steel at $15 billion.
BlueScope Steel has panned a takeover bid worth $13 billion from would-be suitors SGH Group and Nasdaq-listed Steel Dynamics.The board unanimously voted ‘no deal’ to the
Ryan Stokes-steered SGH would carve out BlueScope's larger North American division under its $13.2 billion takeover proposal, after labelling the target's global operations as not strategically compatible.
Australia's largest steel producer announced late Monday that US company Steel Dynamics has teamed with Ryan Stokes-led SGH to lob an indicative takeover proposal priced at $30 per share.
Beach Energy chair Ryan Stokes says his company is ready to put the disappointment of a blown out Waitsia project behind it, as it prepares for the project to enter production.
Beach Energy and Mitsui's Waitsia stage two gas plant is finally ready for start up, more than four years since construction officially started on the contentious Perth Basin project.
Kerry Stokes has issued a reminder to Seven West Media shareholders that he will remain “close” to the media company, as he prepares to step down as chair.
Kerry Stokes' private company Australian Capital Equity reported a 70 per cent year-on-year drop in annual profit last year, as the value of its asset book closes in on $3 billion.
Seven West Media and Southern Cross Media have shaken hands on a merger under which Kerry Stokes would step down as chairman of the board by early next year.
Ryan Stokes-led diversified business SGH recorded a 5 per cent post-tax statutory net profit increase to $486 million last financial year, led by upticks at concrete maker Boral and Westrac.
Outgoing Boral chief executive and managing director Vik Bansal has added another director role to his portfolio, joining Soul Patts' board from August 15.
Roger Cook's name has been a regular feature on the annual list of Western Australia's most influential business and political players published by Business News.
Kerry Stokes' SGH generated a $508 million net profit in the first six months of the financial year driven by its industrial division, but major challenges persisted in its flagship media business.
Beach Energy chair Ryan Stokes has called out “ideological rhetoric” against oil and gas proponents, as the company inches toward production at the troubled Waitsia plant.
Seven Group boss Ryan Stokes has signalled his support for the group's struggling media business and has described Australia as the best place for the company to invest.
Beach Energy posted a 10 per cent lift in quarterly production, locked in Ryan Stokes as chairman and says first gas from Waitsia remains on track in its latest report.
Ryan Stokes-led Seven Group Holdings has sought a name change to better reflect its operations, with the vote to be cast at the next annual general meeting.
Kerry Stokes' private company Australian Capital Equity has reported a big jump in annual profit while also disclosing the value of his expansive art collection and other assets.
Kerry Stokes-backed Beach Energy is on track to deliver long-awaited first production from the second stage of its Waitsia stage two project in early 2025.
Adelaide-based Perth Basin gas play Beach Energy will slash its workforce by 30 per cent, following a strategic review into its operations in the east and west coast gas markets.
Seven Group Holdings has launched a vigorous attack on advisory firm Grant Samuel, whose report was used by Boral's independent directors to oppose Seven's takeover offer.
The strong performance of Seven Group Holdings' industrial segment outweighed a substantial fall in media business earnings and asset write-downs at Beach Energy in the first half of FY24.
WA's opportunity to capitalise on the United States' massive Inflation Reduction Act will hinge largely on its ability to keep pace with demand, according to BHP's iron ore boss.
Beach Energy interim chair Ryan Stokes has lashed the increasingly complex regulatory environment for Australian oil and gas projects in his address to the company's AGM this morning.
Beach Energy reported a 12 per cent revenue drop last quarter, citing a “disappointing” drop in east coast uptake for its product and singling out Otway Basin customer Origin Energy.
Our weekly appointments wrap includes Stephen Kinsella, Steve Moreland, Zaiqian Zhang, Paul McQueen, Dominique Mecoy, Diane Smith-Gander, Andrea Sutton, Ryan Stokes and Glenn Davis.
Seven Group Holdings chief executive Ryan Stokes has returned to the board of Beach Energy, replacing Margaret Hall as a designated director of the investment group.
