Milbank LLP is advising United States Steel Corporation (NYSE: X) (“U. S. Steel”), which on August 13, 2023 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.
Founded in 1901, U. S. Steel is a leading steel producer with a renewed emphasis on innovation. U. S. Steel serves the automotive, construction, appliance, energy, containers, and packaging industries with high value-added steel products.
The Milbank team advising U. S. Steel is led by Global Corporate partners Bob Kennedy and Iliana Ongun.
