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U S Steel United States Steel Corporation Form

U S Steel United States Steel Corporation Form

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One stock to watch of the open us steel Japanese steel maker nipon agreeing to buy the company for $14.1 billion Sone foxman has this one hey Simone hey John yeah what would happen to us steel had been the talk of the metals Market ever since August you may remember then it received some bids from the likes of Cleveland Cliffs from esar those bids were around 7.25 to 7.8 billion none of them panned out but the company did uh go forward with a strategic review and apparently that was smart move because nepon agreeing to pay $14.1 billion in cash that equates to about $55 a share and that explains some of this dramatic pop that we are seeing uh over 26% in the shares this morning now the quick react from bimo here surprisingly high price for us steel and the Union's strong support for the Cleveland Cliffs bid that had happened back in August and that company's ability to maybe bid again could still complicate this transaction but overall us steel has been trying to transf

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