This post was originally published on this site
https://i-invdn-com.investing.com/trkd-images/LYNXMPEJ7F0O9_L.jpg
NEW YORK (Reuters) – ArcelorMittal (NYSE:MT) SA, the world’s second-largest steelmaker, is considering a potential offer for U.S. Steel Corp, people familiar with the matter said on Wednesday.
ArcelorMittal is discussing a possible offer with its investment bankers, and there is no certainty that will press ahead with it, the sources said. If it launches a bid, it could mark the escalation of a bidding war that is already underway for U.S. Steel, following offers from Cleveland-Cliffs (NYSE:CLF) Inc and Esmark Inc for more than $7 billion.
The sources requested anonymity because the deliberations are confidential. Representatives for ArcelorMittal and U.S. Steel did not immediately respond to requests for comment.
