U.S. Steel Corp. declined a $7.3 billion acquisition offer from rival steelmaker Cleveland-Cliffs Inc. and launched a formal review of its strategic options.
U.S. Steel Corp. began a formal review of its strategic options on Sunday after declining aCliffs made its offer public after U.S. Steel rejected the bid and announced a formal review process, Reuters repoted. U.S. Steel said it has received multiple bids for parts or all of its business.
U.S. Steel Corp. began a formal review of its strategic options on Sunday after declining a $7.3 billion buyout offer from rival steelmaker Cleveland-Cliffs Inc. Cliffs made its offer public after U.S. Steel rejected the bid and announced a formal review process.
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