Esmark makes $7.8-billion offer for U.S. Steel Corp - Reuters

Aug 14 (Reuters) - Esmark, a privately held company, said on Monday it had made an offer to buy U.S. Steel Corp (X.N) for $35 per share, or an equity value of $7.8 billion.

On Sunday, U.S. Steel launched a formal review of strategic options, after rebuffing a takeover offer from rival steelmaker Cleveland-Cliffs (CLF.N).

The unsolicited cash-and-stock offer from Ohio-based Cleveland-Cliffs valued U.S. Steel at about $7.3 billion, representing a 43% premium to its closing price on Friday.

Reporting by Ananta Agarwal and Ananya Mariam Rajesh in Bengaluru; Editing by Shounak Dasgupta

Our Standards: The Thomson Reuters Trust Principles.

Acquire Licensing Rights, opens new tab

Adblock test (Why?)

"corp" - Google News
August 15, 2023 at 02:54AM
https://ift.tt/yPeHYWD

Esmark makes $7.8-billion offer for U.S. Steel Corp - Reuters
"corp" - Google News
https://ift.tt/CKI5fzZ
Shoes Man Tutorial
Pos News Update
Meme Update
Korean Entertainment News
Japan News Update

Bagikan Berita Ini