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Market
Where will U.S. Steel's headquarters be located by the end of 2025?
2
Resolution / Starting Odds
Remains in Pittsburgh • 25%
Moves to a different U.S. city • 25%
Moves outside the U.S. • 25%
No change announced • 25%
Official announcements from U.S. Steel and major financial news outlets
Story
Cleveland-Cliffs and Nucor Partner on All-Cash Bid for U.S. Steel in High $30s per Share After Biden Blocks Nippon
Jan 13, 2025, 02:54 PM
Cleveland-Cliffs Inc. and Nucor Corp. are reportedly partnering on a potential bid for United States Steel Corp., according to sources cited by CNBC. The proposed deal involves Cleveland-Cliffs purchasing all of U.S. Steel for an all-cash offer in the high $30s per share, after which it would sell the Big River Steel subsidiary to Nucor. This development comes after the White House blocked a previous takeover attempt of U.S. Steel by Japan's Nippon Steel earlier this month, citing national security concerns following a review by the Committee on Foreign Investment in the United States (CFIUS). U.S. Steel shares, which closed at $34.24 per share on Friday, jumped 7% following the news of the potential bid. President Joe Biden blocked Nippon's more than $14 billion bid to acquire U.S. Steel. The headquarters of U.S. Steel would remain in Pittsburgh if the deal goes through.
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Similar markets
Cleveland • 25%
Pittsburgh • 25%
Charlotte • 25%
Other • 25%
Merges with another U.S. company • 25%
Undergoes restructuring • 25%
Focuses on domestic growth • 25%
Seeks another foreign investor • 25%
Focus on domestic expansion • 25%
Seek another merger/acquisition • 25%
Other strategic direction • 25%
Undergo restructuring • 25%
Acquired by another U.S. entity • 25%
Acquired by another foreign entity • 25%
Owned by Nippon Steel • 25%
Remains independent • 25%
Remains independent • 25%
Other • 25%
Acquired by a foreign company • 25%
Acquired by a U.S. company • 25%
Significant restructuring • 25%
Increased profitability • 25%
Decreased profitability • 25%
Status quo • 25%
Increased operations in Pennsylvania • 25%
No increase in operations • 25%
Increased operations in Alabama • 25%
Increased operations in Indiana • 25%
A U.S. company • 25%
No acquisition • 25%
Nippon Steel • 25%
Another foreign company • 25%
Decreased capacity • 25%
Increased capacity • 25%
No significant change • 25%
Other • 25%