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Coverage dated August 13, 2023

U.S. Steel Corp. shares soar after rejecting 'unreasonable' buyout offer from rival

Headline from UPI

Shares of U.S. Steel Corp. were up more than 20% early Monday after it rejected an unsolicited takeover bid from rival Cleveland-Cliffs.

UPI's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.

Earlier updates in this story

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Reports & sources

6 articles, oldest first.

  1. AL.com

    US Steel stock price jumps after rejecting Cleveland-Cliffs $7.3 billion buyout offer (opens AL.com)

    Published

    AL.com's feed description

    U.S. Steel said it is reviewing “strategic alternatives” after receiving several unsolicited offers.

  2. UPI

    U.S. Steel Corp. shares soar after rejecting 'unreasonable' buyout offer from rival (opens UPI)

    Published

    UPI's feed description

    Shares of U.S. Steel Corp. were up more than 20% early Monday after it rejected an unsolicited takeover bid from rival Cleveland-Cliffs.

  3. Forbes

    U.S. Steel Shares Jump 25% After Rejecting $7.3 Billion Buyout Offer From Cleveland-Cliffs (opens Forbes)

    Published

    Forbes's feed description

    Publicly traded United States Steel Corporation said it has launched a strategic review to consider selling all or part of the company.

  4. Wall Street Journal

    U.S. Steel Stock Jumps After It Rejects Rival’s Takeover Offer (opens Wall Street Journal)

    Published

    Wall Street Journal's feed description

    Shares of U.S. Steel jumped in Monday trading following news that it rejected an unsolicited offer from rival Cleveland-Cliffs. U.S. Steel stock was up more then 28%, while Cleveland-Cliffs' shares added more than 4%. [Cleveland-Cliffs said Sunday](https://www.wsj.com/articles/u-s-steel-rejects-off

  5. Oil Price

    U.S. Steel Stock Skyrockets After Declining Major Merger Proposal (opens Oil Price)

    Published

    Oil Price's feed description

    US Steel Corporation sees a 28% surge in shares after declining a $7.25 billion takeover bid from Cleveland-Cliffs Inc.

  6. Investopedia

    US Steel Shares Surge After Rejecting $7.25 Billion Bid From Cleveland-Cliffs (opens Investopedia)

    Published

    Investopedia's feed description

    U.S. Steel's shares surged on Monday after it rejected an unsolicited offer worth $7.25 billion Cleveland-Cliffs, and said it was reviewing strategic options.