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U.S. Steel (X) Plans 17M Share Common Stock Offering

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U.S. Steel (X) Prices Larger 18.9M Common Stock Offering at $23/Share

August 10, 2016 6:27 AM EDT

Today United States Steel Corporation (NYSE: X) announced that it has priced its underwritten public offering of approximately 18,900,000 shares of common stock, which was upsized from the previously announced 17,000,000 at a public offering price of $23 per share, for gross proceeds of approximately $434.7 million. The Company has granted the underwriters a 30-day option to purchase up to 2,835,000 additional shares of common stock from the... More