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US Steel rejects a $7.3 billion offer from rival Cleveland-Cliffs; considers alternatives

Por: ABC News Business August 14, 2023

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NEW YORK -- United States Steel Corp. said Sunday that it rejected a $7.3 billion buyout proposal from rival Cleveland Cliffs and was reviewing “strategic alternatives” after receiving several unsolicited offers.Pittsburgh-based U.S. Steel said it rejected the offer because Cleveland-Cliffs was pushing it to accept the terms without being allowed to conduct proper due diligence. At this juncture, we cannot determine whether your unsolicited... + full article



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