US Steel Stock Jumps as Cleveland-Cliffs and Nucor Reportedly Mull Joint Bid
1. Shares of U.S. Steel rose after reports of a potential bid by Cleveland-Cliffs and Nucor. 2. Cleveland-Cliffs plans to acquire U.S. Steel and divest its Big River Steel subsidiary. 3. U.S. Steel's previous $14.1 billion sale to Nippon Steel was blocked by U.S. authorities. 4. Cleveland-Cliffs seeks a bid in the high $30s per share, contrasting with Nippon's $55 offer. 5. U.S. Steel is pursuing legal action against the government and Cleveland-Cliffs.