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U.S. Steel Stock Soars on $14.9 Billion Acquisition by Nippon Steel

Por: MarketWatch Business December 18, 2023

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It’s also 50% higher than the mid-August cash and stock bid from that helped set off U.S. Steel’s strategic review process. Cliffs bid is $17.50 a share and 1.023 shares of stock for every share of U.S. Steel, worth some $36.63 based on its recent share prices. It’s a large premium to an existing bid. Cliffs didn’t immediately respond to a request for comment from Barron’s about its plans following the Nippon announcement. U.S. Steel... + full article



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