Express News | United States Steel initially rose over 8%, with its stock price hitting a new high in nearly a month. According to CNBC, Cleveland-Cliffs has allied with Nucor regarding the potential acquisition of United States Steel.

BreakingsJan 13 22:55

'U.S. Steel Stock Jumps On Report Of Possible Bid From Cleveland-cliffs And Nucor; Company Will Be Holding A Press Conference At 1 P.m. ET' - Axios

Benzinga51minutes ago

Intra-Cellular Therapies, Standard BioTools, SI-BONE And Other Big Stocks Moving Higher On Monday

BenzingaJan 13 23:57

United States Steel (X.US) rose by 8%, reportedly considering a joint acquisition with Nucor (NUE.US) and Cleveland-Cliffs (CLF.US).

The bidding war for United States Steel (X.US) may become more complex, as reported by CNBC on Monday, with Nucor (NUE.US) and Cleveland-Cliffs (CLF.US) considering a joint bid for United States Steel. Earlier, President Biden blocked a $55 all-cash bid from the Japanese steelmaker on the grounds of National Security. United States Steel is suing to overturn that decision.

AASTOCKSJan 13 23:39

Benzinga Market Summary: Nasdaq Slides As Chip Stocks Fall On US Export Restrictions, Cleveland-Cliffs And Nucor Partner For Potential US Steel Bid, Lululemon Raises Guidance

BenzingaJan 13 23:37

Market Chatter: Cleveland-Cliffs Teams Up With Nucor in Potential Bid for US Steel

MT NewswiresJan 13 23:28