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Will Nucor acquire Big River Steel from Cleveland-Cliffs by end of 2025?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcements from Nucor, Cleveland-Cliffs, or Big River 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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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 accepted • 25%
Bid rejected • 25%
Bid modified • 25%
No decision by deadline • 25%
Bid rejected • 25%
Successful acquisition • 25%
Bid withdrawn • 25%
Other outcome • 25%
Yes • 50%
No • 50%
