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US Steel shares climb after $7.8 billion Esmark bid

The announcement comes a day after rejected Cliffs offer

Isabeau van Halm
A ladle of molten iron is poured into a BOP furnace at US Steel's Granite City Works, where it will be transformed into liquid steel. Source: US Steel

A ladle of molten iron is poured into a BOP furnace at US Steel's Granite City Works, where it will be transformed into liquid steel. Source: US Steel

The privately held industrial group offered $35 per share, a 54% premium to the steelmaker's share price of $22.72 on Friday's market closure. "This is an exciting time as the entire American Steel...

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