Cleveland-Cliffs proposes to acquire U.S. Steel for $35 per share

Cleveland-Cliffs publicly announced a proposal to acquire 100% of U.S. Steel for $35.00 per share, a 43% premium, after the offer was rejected by U.S. Steel's board. The USW endorsed the transaction.

“Cleveland-Cliffs is publicly announcing a previously private offer that it had presented to the Board of the United States Steel Corporation on July 28, 2023.”clevelandcliffs.com

• 2 sources
• clevelandcliffs.comCleveland-Cliffs Proposes to Acquire U.S. Steel :: Cleveland-Cliffs Inc. (CLF)Aug 13, 2023
• wnewsj.comThe 122-year-old US Steel is reviewing ‘numerous’ buyout offers - Wilmington News Journalnews enginAug 29, 2023

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