U.S. Steel starts due diligence after entering agreements with 'numerous third parties'

U.S. Steel is reviewing multiple unsolicited proposals, including partial acquisitions and entire buyouts, as the company enters into confidentiality agreements with various third parties.

reuters.com

Relevant topic timeline:

8/24/2023

Behind nixed $7.8 billion US Steel deal, a familiar name in Chicago biz

US Steel Corp. is reviewing takeover proposals from multiple parties, including a rejected offer from domestic rival Cleveland-Cliffs Inc., and a higher, all-cash proposal from steel distributor Esmark Inc., which has since withdrawn its pursuit due to the United Steelworkers union's support for Cliffs.

8/29/2023

U.S. Steel Entering Confidential Pacts as It Reviews Bids

U.S. Steel is entering into confidential agreements as it evaluates bids.

8/29/2023

The 122-year-old US Steel is reviewing "numerous" buyout offers

U.S. Steel, which recently rejected buyout offers from Cleveland-Cliffs and Esmark, is reviewing multiple offers as it shares due diligence information with potential buyers, with soaring prices fueling consolidation in the steel industry.