United States Steel Corp (NYSE: X) has reportedly engaged in confidentiality agreements with several interested parties and has begun sharing due diligence information.
This strategic move comes as U.S. Steel evaluates bids for the entire company or specific parts of its operations.
In a letter addressed to shareholders, Chief Executive David Burritt and Chairman David Sutherland highlighted the company’s receipt of “multiple unsolicited proposals.”
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The range of offers spans from complete buyouts to targeted bids for particular organization segments.
While U.S. Steel’s management is …
