MILWAUKEE, Dec. 18, 2023 /PRNewswire/ — Ademi LLP is investigating U.S. Steel (NYSE: X) for possible breaches of fiduciary duty and other violations of law in its transaction with Nippon Steel.
Click here to learn how to join the https://www.ademilaw.com/case/united-states-steel-corporation or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.
In the transaction, U.S. Steel stockholders will receive only $55.00 per share, representing an equity value of approximately $14.1 billion plus the assumption of debt, for a total enterprise value of $14.9 billion. The transaction agreement unreasonably limits competing transactions for U.S. Steel by imposing a significant penalty if U.S. Steel accepts a competing bid. U.S. Steel insiders will receive substantial benefits as part of change of control arrangements.
We are investigating the conduct of U.S. Steel’s board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
If you own U.S. Steel common stock and wish to obtain additional information, please contact Guri Ademi either at [email protected] or toll-free: 866-264-3995, or https://www.ademilaw.com/case/united-states-steel-corporation.
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
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