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Privately held Esmark makes offer for US Steel, sets up bidding contest for iconic steelmaker

Por: ABC News Business August 15, 2023

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NEW YORK -- Industrial conglomerate Esmark said Monday it has made an all-cash offer to buy U.S. Steel that values the iconic steelmaker at $7.8 billion, topping an earlier offer from rival Cleveland-Cliffs. On Sunday, U.S. Steel said it had rejected a cash and stock offer from Cleveland-Cliffs that was valued at $7.3 billion as of the close of trading Friday. U.S. Steel also said it had received offers for all or parts of the company from... + full article



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