US Steel to explore strategic alternatives after declining acquisition offer ...Middle East

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U.S. Steel, one of the nation’s largest steel producers and a top employer in Northwest Indiana, announced Sunday its decision to evaluate strategic alternatives after receiving unsolicited offers for specific assets, as well as the whole company. In a news release, the company said its Board of Directors will initiate a formal review process, with the assistance of financial and legal advisors. “…This decision follows the Company receiving multiple unsolicited proposals that ranged from the acquisition of certain production assets to consideration for the whole Company,” David B. Burritt, U. S. Steel’s President, Chief Executive Officer and member of the Board of Directors, stated i

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