Investing
U.S. Steel confirms multiple acquisition proposals
© Reuters. FILE PHOTO: Idled blast furnaces at U.S. Steel Corp’s Granite City Works in Granite City, Illinois, U.S. on on July 5, 2017. REUTERS/David Lawder/File Photo
(Reuters) – U.S. Steel has entered into confidentiality agreements with “numerous third parties” and started to review multiple unsolicited proposals ranging from partial acquisition to an entire buyout, the company said in a letter to its stockholders on Tuesday.
Cleveland-Cliffs (NYSE:), which has made a $7.3 billion cash-and-stock offer, last week demanded U.S. Steel to provide the company and the United Steel Workers (USW) union with information about all the proposals it has received so far as a part of its strategic review.
Earlier this month, Esmark scraped its bid for U.S. Steel, leaving Arcelor-Mittal as the only known potential challenger to Cleveland-Cliffs.
“While we don’t know how long the process will take, the board of directors, management team and outside advisers are moving quickly to complete it,” U.S. Steel said in the letter.
Read the full article here
The One Key Factor in Making Your Scaling Strategy a Success
This Tiny Phone Can be the Perfect Tool for Business Owners on the Go
Success Isn’t About Having the Best Idea — It’s About Resilience
5 Essentials of Good Leadership
U.K. stocks higher at close of trade; Investing.com United Kingdom 100 up 0.10% By Investing.com
This All-Access Pass to Learning Is Now $20 for Black Friday
How to Create a Routine That Balances Rest and Business Success
Apple Prepares a New AI-Powered Siri to Compete With ChatGPT
A Macy’s Employee Made Accounting Errors Worth $132 Million
Factbox-How Trump can overhaul US financial regulators when he takes office By Reuters
Debt ceiling debate and its effect on the U.S. dollar
Debt ceiling default: Still no deal between parties
Stovall: If the U.S. defaults on its debt, all S&P 500 sectors will likely fall
What China's weaker-than-expected economy could mean for U.S. markets
A ‘Big Short’ investor sees financial disaster brewing in housing markets — again
-
Investing6 days agoThis All-Access Pass to Learning Is Now $20 for Black Friday
-
Passive Income6 days agoHow to Create a Routine That Balances Rest and Business Success
-
Side Hustles7 days agoApple Prepares a New AI-Powered Siri to Compete With ChatGPT
-
Side Hustles4 days agoA Macy’s Employee Made Accounting Errors Worth $132 Million
-
Investing3 days agoFactbox-How Trump can overhaul US financial regulators when he takes office By Reuters
-
Passive Income3 days ago5 Ways AI Can Accelerate Your Entrepreneurial Journey
-
Passive Income7 days agoCustomers Want More Than Just a Product — Here’s How to Keep Up
-
Side Hustles6 days agoGift the Power of Language Learning with This Limited-Time Price on Babbel