United States Steel: Bidding Goodbye Amidst The Steel Showdown

Summary

United States Steel Corporation is the subject of a bidding war, with Esmark offering the highest bid at $35 per share in cash.

The closure of the deal could take a long time, and Cleveland-Cliffs may struggle to increase its bid due to its debt and liabilities. The support of United Steelworkers for Cleveland-Cliffs’ bid adds uncertainty to the outcome, as they prioritize employee terms over the highest bid. Read the full article on Seeking Alpha

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By Donato