'US Steel Auction To Near End With Site Visits Next Week; Cleveland-Cliffs, ArcelorMittal, Stelco Among Potential Buyers; United Steelworkers Might Transfer Counterbid Rights To Cliffs' - Bloomberg News
Portfolio Pulse from Benzinga Newsdesk
The strategic review of United States Steel Corp. (X) to sell all or part of itself is nearing its end, with site visits for potential buyers scheduled for next week. Cleveland-Cliffs (CLF), ArcelorMittal (MT), and Stelco (STZHF) are among the potential buyers. The United Steelworkers might transfer counterbid rights to Cleveland-Cliffs.
November 02, 2023 | 9:55 pm
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NEUTRAL IMPACT
Cleveland-Cliffs is among the potential buyers for US Steel, which could impact the company's stock price.
The potential acquisition of US Steel could have a significant impact on Cleveland-Cliffs' stock price. However, the direction of the impact will depend on the details of the final deal.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
ArcelorMittal is among the potential buyers for US Steel, which could impact the company's stock price.
The potential acquisition of US Steel could have a significant impact on ArcelorMittal's stock price. However, the direction of the impact will depend on the details of the final deal.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Stelco is among the potential buyers for US Steel, which could impact the company's stock price.
The potential acquisition of US Steel could have a significant impact on Stelco's stock price. However, the direction of the impact will depend on the details of the final deal.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
US Steel's strategic review to sell part or all of itself is nearing its end, which could potentially impact the company's stock price.
The outcome of the strategic review and the potential sale could have a significant impact on US Steel's stock price. However, the direction of the impact will depend on the details of the final deal.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100