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X - ArcelorMittal considers making buyout offer for U.S. Steel - Reuters
United States Steel Corporation
2023-08-16 13:07:28 ET
US Steel ( NYSE: X ) +4.3% in Wednesday's trading following a Reuters report that ArcelorMittal ( NYSE: MT ) is considering a potential offer for the company.
If the world's second largest steel company launches a bid, it could mark the escalation of a bidding war already underway for U.S. Steel ( X ), following offers from Cleveland-Cliffs ( CLF ) and Esmark.