The iconic steel giant is in the midst of takeover talks. The stock has rallied, but what happens if the talks don’t pan out?
If the takeover drama around United States Steel ( X 0.21%) has caught your attention, you might want to step back and hit the pause button. Acquisition battles are always uncertain and, sometimes, nothing comes of the news and rumors. Given that U.S. Steel’s stock rocketed more than 20% higher because of the takeover talk, there’s material downside risk if it all comes to naught. Meanwhile, a lot of potential good news may already be […]
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