Market
What will be the outcome of the Cleveland-Cliffs and Nucor bid for U.S. Steel by end of 2025?
3
Resolution / Starting Odds
Bid accepted and acquisition completed • 25%
Bid rejected • 25%
Bid modified and accepted • 25%
No final decision by end of 2025 • 25%
Official press releases from Cleveland-Cliffs, Nucor, or U.S. Steel; major financial news outlets
Story
Cleveland-Cliffs and Nucor Eye Joint All-Cash Bid for U.S. Steel at High $30s Per Share
Jan 13, 2025, 03:26 PM
Cleveland-Cliffs Inc. and Nucor Corp. are reportedly in discussions to jointly bid for United States Steel Corp., according to sources cited by CNBC. The potential bid is said to be an all-cash offer in the high $30s per share, significantly lower than the $54 per share previously offered by Japan's Nippon Steel. The plan involves Cleveland-Cliffs acquiring U.S. Steel and subsequently selling its Big River Steel subsidiary to Nucor. U.S. Steel's headquarters would remain in Pittsburgh. This development comes after the White House blocked Nippon Steel's acquisition of U.S. Steel earlier this month, citing national security concerns. U.S. Steel shares rose approximately 7% to around $37 following the report of the potential bid.
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Similar markets
Deal falls through for other reasons • 25%
Cleveland-Cliffs acquires U.S. Steel • 25%
Nucor acquires Big River Steel • 25%
Bid is blocked by CFIUS • 25%
Successful acquisition • 25%
Other outcome • 25%
Bid rejected • 25%
Bid withdrawn • 25%
Bid accepted • 25%
Bid modified • 25%
Bid rejected • 25%
No decision by deadline • 25%
Deal Withdrawn by Nippon Steel • 25%
Deal Blocked by Biden • 25%
Deal Approved • 25%
Deal Blocked by CFIUS • 25%
Blocked • 25%
Withdrawn by Nippon Steel • 25%
Approved without conditions • 25%
Approved with conditions • 25%
$37 to $39 per share • 25%
More than $39 per share • 25%
$35 to $37 per share • 25%
Less than $35 per share • 25%
Approved with conditions • 25%
Postponed • 25%
Rejected • 25%
Approved without conditions • 25%
Other outcome • 25%
Deal withdrawn by Nippon Steel • 25%
Blocked by U.S. government • 25%
Approved • 25%
Below $35 • 25%
$40 to $44 • 25%
$35 to $39 • 25%
Above $44 • 25%