X - Cleveland-Cliffs And U.S. Steel Lock Horns Amid Tensions In Sale Proceedings: Report | Benzinga
United States Steel Corporation (NYSE: X) is reportedly embroiled in a dispute with Cleveland-Cliffs Inc. (NYSE: CLF) concerning a confidentiality agreement after Cliffs took a public stance with a cash-and-stock offer to acquire the entirety of U.S. Steel at $35 per share.
U.S. Steel has yet to reveal its books to Cliffs since announcing on Aug. 13 that it will explore a sale, even as it takes initial proposals this week from other potential acquirers because Cliffs will not agree to its conditions, Reuters