US Steel Rejects Cleveland-Cliffs Deal, Investors Keep the Faith
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It's still sounding like there'll be a metal marriage. Cleveland-Cliffs, America's second-largest steel maker, announced Sunday that it offered to purchase US Steel, valuing the company at more than $7 billion.
While the unsolicited proposal was rejected, US Steel's share price skyrocketed on the offer, in the hopes that some type of deal could still be on the table.
Source Fool.com
