Industrial sector jolted by ' multiple unsolicited ' bids for U.S. Steel takeover as national titan rejects archrival Cleveland-Cliffs

United States Steel Corp. began a formal review of strategic alternatives as it rejected an offer to sell itself to rival Cleveland-Cliffs Inc. Ohio-based Cliffs said Sunday it offered to pay $17.50 in cash and 1.023 of its shares for each US Steel share. That implies a value of $32.53 per share…#clevelandcliffsinc #ohio #cliffs #ussteel #ussteels #pittsburgh #aksteelholdingcorp #arcelormittal #lourencogoncalves #jpierpontmorgan

Source: Reuters: Health - August 13, 2023 Category: Consumer Health News Source Type: news