Market
Where will U.S. Steel's headquarters be located post-acquisition by end of 2025?
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Resolution / Starting Odds
Pittsburgh • 25%
Cleveland • 25%
Charlotte • 25%
Other • 25%
Official announcements from U.S. Steel, Cleveland-Cliffs, or Nucor; 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
No change announced • 25%
Remains in Pittsburgh • 25%
Moves to a different U.S. city • 25%
Moves outside the U.S. • 25%
No acquisition • 25%
Another foreign company • 25%
A U.S. company • 25%
Nippon Steel • 25%
No increase in operations • 25%
Increased operations in Pennsylvania • 25%
Increased operations in Indiana • 25%
Increased operations in Alabama • 25%
Seeks another foreign investor • 25%
Focuses on domestic growth • 25%
Undergoes restructuring • 25%
Merges with another U.S. company • 25%
Remains independent • 25%
Other • 25%
Acquired by a foreign company • 25%
Acquired by a U.S. company • 25%
Board restructuring • 25%
No significant changes • 25%
Current leadership remains • 25%
New CEO appointed • 25%
Undergo restructuring • 25%
Other strategic direction • 25%
Seek another merger/acquisition • 25%
Focus on domestic expansion • 25%
Acquired by another foreign entity • 25%
Owned by Nippon Steel • 25%
Acquired by another U.S. entity • 25%
Remains independent • 25%