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Mrvan monitoring possible consolidation of steel industry

U S Steel rejects Cleveland Cliffs $7 3 billion acquisition deal, but considering alternatives

United States Steel Corp. rejected a $7.3 billion buyout proposal from rival Cleveland-Cliffs on Sunday, and is evaluating “strategic alternatives,” according to its president. After receiving word of the rejection, Cleveland-Cliffs publicly announced the terms of the offer, which it first presented to U.S. Steel’s board on July 28. The Ohio-based company proposed acquiring 100% of U.S. .

U S Steel rejects Cleveland Cliffs $7 3B acquisition deal

U S Steel rejects Cleveland Cliffs $7 3B acquisition deal
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