Cleveland-cliffs proposes to acquire u.s. steel

Cleveland--(business wire)--cleveland-cliffs inc. (nyse: clf) (“cleveland-cliffs” or “cliffs”) is publicly announcing a previously private offer that it had presented to the board of the united states steel corporation (nyse:x) (“u.s. steel”) on july 28, 2023. that offer, which was reiterated in writing to the u.s. steel board on august 11, 2023, proposed acquiring 100% of the outstanding stock of u.s. steel for a per share value of $17.50 in cash and 1.023 shares of cliffs stock. on july 28, 2.
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