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What will be the price per share offered in the final bid for U.S. Steel by Cleveland-Cliffs and Nucor by end of 2025?
3
Resolution / Starting Odds
Below $35 • 25%
$35 to $40 • 25%
$40 to $45 • 25%
Above $45 • 25%
Official acquisition offer documents; 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
$35 to $37 per share • 25%
More than $39 per share • 25%
$37 to $39 per share • 25%
Less than $35 per share • 25%
$40 to $44 • 25%
Above $44 • 25%
Below $35 • 25%
$35 to $39 • 25%
Deal falls through for other reasons • 25%
Bid is blocked by CFIUS • 25%
Nucor acquires Big River Steel • 25%
Cleveland-Cliffs acquires U.S. Steel • 25%
Bid rejected • 25%
Successful acquisition • 25%
Other outcome • 25%
Bid withdrawn • 25%
Bid accepted • 25%
No decision by deadline • 25%
Bid modified • 25%
Bid rejected • 25%
Stock falls further • 25%
Stock exceeds pre-block level • 25%
Stock remains below pre-block level • 25%
Stock recovers to pre-block level • 25%
Dismissed • 25%
In favor of the defendants • 25%
Settled • 25%
In favor of Nippon Steel and U.S. Steel • 25%
