( ) -q-26- UNDATED (B-B-C Correspondent Jeremy House) “price of $22.72.” United States Steel says it has rejected a $7.3 billion buyout proposal from rival Cleveland Cliffs. [CutID: <Cuts> US-STEEL-CLEVELAND-CLIFFS-house-q-MONam.mp3 Time: 26s Title: US-STEEL-CLEVELAND-CLIFFS-house-q-MONam Out-cue: price of $22.72] TAG: Correspondent Jeremy House reporting. ——————————— VERBATIM: U.S. Steel says it’s reviewing “strategic alternatives” after receiving several […]
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US Steel rejects $7.3 billion offer from Cleveland-Cliffs
( ) -q-26- UNDATED (B-B-C Correspondent Jeremy House) “price of $22.72.”
United States Steel says it has rejected a $7.3 billion buyout proposal from rival Cleveland Cliffs.
[CutID: <Cuts> US-STEEL-CLEVELAND-CLIFFS-house-q-MONam.mp3
Time: 26s
Title: US-STEEL-CLEVELAND-CLIFFS-house-q-MONam
Out-cue: price of $22.72]
TAG: Correspondent Jeremy House reporting.
———————————
VERBATIM: U.S. Steel says it’s reviewing “strategic alternatives” after receiving several unsolicited offers. Pittsburgh-based U.S. Steel said it rejected the offer because Cleveland-Cliffs was pushing it to accept the terms without being allowed to conduct proper due diligence. Cleveland-Cliffs said the value of the offer was $35 a share, a premium over U.S. Steel’s most recet closing stock price of $22.72.