U.S. Steel Corp. stock was up 2.2% in premarket trades on Tuesday after the industrial company said it’s entering into customary confidentiality agreements...
U.S. Steel Corp. stock X, -1.22% was up 2.2% in premarket trades on Tuesday after the industrial company said it’s entering into customary confidentiality agreements with “numerous third parties” after announcing a strategic review on Aug. 13. “While we don’t know how long the process will take, the board of directors, management team and outside advisors are moving quickly to complete it,” the company said in a letter to shareholders.
The board will decide a path forward for the company once the strategic review is finished, the company said. U.S. Steel said it has received multiple unsolicited proposals ranging from the acquisition to all or part of the steel maker, which has a market cap of nearly $7 billion. U.S. Steel said it’s been “impressed by by both the high level of interest from potential transaction partners and the speed with which our team is working.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bank of America Corp. stock outperforms competitors on strong trading dayShares of Bank of America Corp. inched 0.91% higher to $28.76 Monday, on what proved to be an all-around favorable trading session for the stock market, with...
Read more »
Microsoft Corp. stock rises Monday, still underperforms marketShares of Microsoft Corp. inched 0.22% higher to $323.70 Monday, on what proved to be an all-around great trading session for the stock market, with the S&P...
Read more »
GameStop Corp. Cl A stock outperforms market on strong trading dayShares of GameStop Corp. Cl A rallied 2.57% to $17.57 Monday, on what proved to be an all-around great trading session for the stock market, with the S&P 500...
Read more »
Sabre Bistrot Shiny-Finish Spreader Set, Stainless SteelSabre’s Bistrot stainless-steel set of spreaders is inspired by the cafés you’ll spot all over Paris. Get it here with a shiny finish and colorful handles.
Read more »
Breville A Bit More 4-Slice Long Slot Toaster, Stainless SteelBreville’s A Bit More 4-slice long slot toaster holds two slices of crusty sourdough, easy (or even four sandwich or bagel slices). Smart settings? You bet.
Read more »
U.S. Steel Can Ride the Coattails of a U.S. Manufacturing BoomHeavy investment pouring into the U.S. auto sector helps make the company an interesting play on an American manufacturing renaissance.
Read more »