Esmark, a privately held company, said on Monday it had made an offer to buy U.S. Steel Corp for $35 per share, or an equity value of $7.8 billion.
U.S. Steel Corp administrative offices for its Granite City Works in Granite City, Illinois, U.S. on July 5, 2017. REUTERS/David Lawder
Aug 14 - Esmark, a privately held company, said on Monday it had made an offer to buy U.S. Steel CorpOn Sunday, U.S. Steel launched a formal review of strategic options, after rebuffing a takeover offer from rival steelmaker Cleveland-CliffsThe unsolicited cash-and-stock offer from Ohio-based Cleveland-Cliffs valued U.S. Steel at about $7.3 billion, representing a 43% premium to its closing price on Friday.
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