◂ Announcements

Dec 8, 2020ACQUISITIONOsceola, Mississippi County, Arkansas, United States

U.S. Steel to acquire remaining equity of Big River Steel for $774M

United States Steel Corporation exercised its call option to acquire the remaining equity of Big River Steel for approximately $774 million. The transaction is expected to close in Q1 2021.

Value

$774.0M

Status

Announced

Productsflat-rolled steel

CompaniesUnited States Steel Corporation acquirer U.S. Steel acquirer Big River Steel target

Sectors#Steel and Metal Products

“We are acquiring Big River Steel, the cornerstone of our 'Best of Both' strategy.”businesswire.com

2 sources
businesswire.comUnited States Steel Corporation to Acquire Remaining Equity Of Big River SteelJohn O. AmblerDec 8, 2020
nwaonline.comU.S. Steel set to buy rest of Big River | Northwest Arkansas Democrat-GazetteAndrew MoreauDec 9, 2020

Summarized from public sources; check the original articles before acting on it.

More from United States Steel Corporation

profile ▸

Loading…