What happened
Shares of United States Steel (NYSE: X) are up 36.7% this week as of 1:45 p.m. ET Friday, according to data provided by S&P Global Market Intelligence , after the steel producer announced a strategic alternatives process after receiving multiple unsolicited acquisition proposals. So what
To be sure, on Sunday U.S. Steel announced a strategic alternatives process — a phrase most often coinciding with a company’s decision to explore a sale — stating it had received “multiple unsolicited proposals that ranged from the acquisition of certain production assets to consideration for the whole company.”A few hours later, […]
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