Steel service center Esmark ended its $35 all-cash bid for United States Steel.
One of the bidders vying for United States Steel has dropped out of the race. Fewer viable bidders means a lower stock price for U.S. Steel, for now.
“The USW was our partner in the successful acquisition of Wheeling Pittsburgh Steel, and we remain close with them,” said Esmark CEO Jim Bouchard in a news release. ” We wish [U.S. Steel] the best during this process, and we will evaluate any opportunities in connection with that process, subject to support from the USW.”
Esmark offered $35 in cash on Aug. 14 and Reuters reported on Aug. 16 that ArcelorMittal was considering a bid. Mittal didn’t respond to a request for comment. The possibility of an ArcelorMittal bid prompted the USW to explicitly support a bid from Cliffs.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Nordson stock drops 7% after company’s revenue miss, lowered guidanceNordson Corp. shares fell nearly 7% in the aftermarket Monday after the maker of adhesives and other industrial products reported fiscal third-quarter...
Baca lebih lajut »
Asian Stock Market: Most stock markets rise on technology stocks recoveryThe Asian stock markets experienced an uptick on Tuesday propelled by the rebound of technology stocks. However, concerns regarding the tightening of
Baca lebih lajut »
AMC’s stock falls 21% ahead of APE stock conversionShares of AMC are on pace to extend a two-day losing streak.
Baca lebih lajut »
Schwab stock outpaces financial stock reboundThe KBW Nasdaq Bank Index was up 0.7% on Wednesday, on pace to snap a seven-day losing streak, according to Dow Jones Market Data. Charles Schwab was up 2.2%...
Baca lebih lajut »
Schwab's stock outpaces financial stock reboundAnalyst says concerns over liquidity were overblown after Schwab issues $2.35 billion in corporate debt.
Baca lebih lajut »
Here Amazon's path to a $200 stock price, according to one bullWall Street is underestimating a key part of Amazon.com Inc.'s story, says an analyst who's now tied for being the most bullish on Wall Street.
Baca lebih lajut »