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Stock impact report

United States Steel Corporation Announces Pricing of Common Stock Offering

United States Steel Corporation (X) 
Last united states steel corporation earnings: 4/30 04:16 pm Check Earnings Report
US:NYSE Investor Relations: ussteel.com/investors
Company Research Source: Business Wire
PITTSBURGH--(BUSINESS WIRE)--United States Steel Corporation (NYSE: X) (the “company” or “U. S. Steel”) today announced the pricing of its previously announced underwritten public offering of 50,000,000 shares of common stock, for gross proceeds of approximately $429 million. The company has granted the underwriter a 30-day option to purchase up to 7,500,000 additional shares of common stock from the company. The offering is expected to close on or about June 22, 2020, subject to customary closing conditions.U. S. Steel intends to use the net proceeds from the offering to strengthen its balance sheet, increase liquidity and for general corporate purposes.Morgan Stanley & Co. LLC is acting as the underwriter for the offering. The underwriter may offer the shares of our common stock from time to time for sale in one or more transactions on the New York Stock Exchange, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time Show less Read more
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