( ) -q-18- UNDATED (Correspondent Jeremy House) “evaluating its options.” Industrial conglomerate Esmark says it has made an all-cash bid to buy U.S. Steel that values the iconic steelmaker at $7.8 billion. [CutID: <Cuts> US-STEEL-ESMARK-house-q-TUEam.mp3 Time: 19s Title: US-STEEL-ESMARK-house-q-TUEam Out-cue: evaluating its options] TAG: Correspondent Jeremy House reporting. Pittsburgh-based Esmark is run by James Bouchard, […]
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Esmark makes offer for US Steel, sets up bidding contest
( ) -q-18- UNDATED (Correspondent Jeremy House) “evaluating its options.”
Industrial conglomerate Esmark says it has made an all-cash bid to buy U.S. Steel that values the iconic steelmaker at $7.8 billion.
[CutID: <Cuts> US-STEEL-ESMARK-house-q-TUEam.mp3
Time: 19s
Title: US-STEEL-ESMARK-house-q-TUEam
Out-cue: evaluating its options]
TAG: Correspondent Jeremy House reporting. Pittsburgh-based Esmark is run by James Bouchard, a former vice president in U.S. Steel’s European operations.
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VERBATIM: The bid tops an earlier offer from rival Cleveland-Cliffs. U.S. Steel said it rejected a cash and stock offer from Cleveland-Cliffs that was valued at $7.3 billion. U.S. Steel also said it had received several offers for all or parts of the company and was evaluating its options.