|
Esmark makes $7.8 billion offer for US Steel Corp
Tuesday, August 15, 2023 - 19:44:16
Reuters
|
|
On Sunday, US Steel launched a formal review of strategic options, after rebuffing a takeover offer from rival steelmaker Cleveland-Cliffs.
The unsolicited cash-and-stock offer from Ohio-based Cleveland-Cliffs valued US Steel at about $7.3 billion, representing a 43% premium to its closing price on Friday.
http://www.miningnewspro.com/en/News/627230/Esmark makes $7.8 billion offer for US Steel Corp
|