# 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.

- Type: Acquisition
- Announced: 2020-12-08
- Where: Osceola, Mississippi County, Arkansas, United States
- Value: $774.0M
- Status: announced
- Products: flat-rolled steel
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [United States Steel Corporation](https://endata.com/companies/15282.md) (acquirer)
- [U.S. Steel](https://endata.com/companies/15752.md) (acquirer)
- [Big River Steel](https://endata.com/companies/31552.md) (target)

## Sources

- [businesswire.com](https://www.businesswire.com/news/home/20201208005606/en/United-States-Steel-Corporation-to-Acquire-Remaining-Equity-Of-Big-River-Steel), 2020-12-08: "We are acquiring Big River Steel, the cornerstone of our 'Best of Both' strategy."
- [nwaonline.com](https://www.nwaonline.com/news/2020/dec/09/us-steel-set-to-buy-rest-of-big-river/), 2020-12-09: "U.S. Steel announced Tuesday that it will invest $774 million in cash to acquire the remaining equity in Big River Steel, which operates one of the nation's most innovative mini mills near Osceola in Mississippi County."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.