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 Future of Farming is Here
I’m Living Through the California Wildfires — Here’s How Every Business Can Prepare For a Natural Disaster
Achieve Your Goals Faster With This Meditation App, Now 50% Off
Train for a New Tech Career in 2025 With This $25 Course Bundle
TikTok restores service, thanks Trump By Reuters
Why the Best CEOs Think Like Anthropologists
Earn More in 2025: Top 10 High-Yield Savings Accounts Revealed
LA Rental Prices Skyrocketing Despite Price Gouging Laws
How to Craft Marketing Campaigns That Reach Multiple Generations
What to Do If TikTok is Banned — How to Protect Your Brand
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
-
Side Hustles4 days agoWhy the Best CEOs Think Like Anthropologists
-
Make Money5 days agoEarn More in 2025: Top 10 High-Yield Savings Accounts Revealed
-
Side Hustles7 days agoLA Rental Prices Skyrocketing Despite Price Gouging Laws
-
Side Hustles7 days agoHow to Craft Marketing Campaigns That Reach Multiple Generations
-
Side Hustles5 days agoWhat to Do If TikTok is Banned — How to Protect Your Brand
-
Side Hustles5 days ago10 Roles That Are Surprisingly Well-Suited for Outsourcing
-
Side Hustles6 days agoMeta Is Laying Off 5% of Its Workforce: Read the Memo
-
Passive Income5 days agoHow Pets Can Promote Better Health and Well-Being in the Workplace