U.S. Steel Starts Due Diligence After Entering Into Confidentiality Agreements With ‘Numerous Third Parties’

U.S. Steel has entered into confidentiality agreements with “numerous third parties” and started to review multiple unsolicited proposals ranging from partial acquisition to an entire buyout, the company said in a letter to its stockholders on Tuesday.

Chairman David Sutherland and CEO David Burritt said in the letter that the company will start to share due diligence information.

They also said the company’s board and outside advisers will fully evaluate all options and make the review public to hear from any party that may have interest in the company.

Read the source article at Yahoo Finance