X - US Steel Investigation Underway; Kaiser Aluminum's Sustainability Progress; CMC Named Climate Leader And More: Friday's Top Mining Stories | Benzinga
Top Stories for May 31, 2024:
- The Law Offices of Frank R. Cruz is investigating U.S. Steel (NYSE:X) for potential federal securities law violations.
U.S. Steel announced an agreement on Dec. 18, 2023, to be acquired by Nippon Steel at $55.00 per share. However, the CEO sold $12 million in stock at about $50 per share the same day.
Reports on March 13, 2024, revealed the deal faced national security conditions, causing the stock to drop 12.8% to $40.86.
On May 21, 2024, U.S. Steel confirmed these conditions, potentially misleading investors.
- Kaiser Aluminum Corp (NASDAQ:KLAU) released its 2023 Sustainability Report, highlighting its commitment to sustainability and alignment with its corporate values.
Key achievements include completing a ...