U. S. Steel in its review and evaluation of strategic alternatives, including responding to multiple unsolicited proposals

On August 14, 2023, United States Steel Corporation (NYSE: X) announced that its Board of Directors has decided to initiate a formal review process, with the assistance of outside financial and legal advisors, to evaluate strategic alternatives for the Company after receiving multiple unsolicited proposals that ranged from the acquisition of certain production assets to consideration for the whole Company.

Wachtell, Lipton, Rosen & Katz is serving as legal advisor to U. S. Steel.