U. S. Steel Submits Bid to Acquire Rouge Steel Assets
United States Steel Corporation (NYSE: X) announced today that it has submitted a bid to acquire out of bankruptcy certain assets and joint venture interests of Rouge Steel Company (Rouge), and expects to actively compete in the auction scheduled for Friday, December 19. The result of Friday's auction will be subject to a bankruptcy court hearing on Monday, December 22. As required by the Hart- Scott-Rodino Act, U. S. Steel today made an antitrust filing with the Justice Department regarding its intention to acquire Rouge's assets.
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SOURCE: United States Steel Corporation
CONTACT: John Armstrong, +1-412-433-6792, or Mike Dixon,
Web site: http://www.ussteel.com/
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