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New bids likely after U.S. Steel Canada splits from parent company

2015-10-12 00:10:13| Steel - Topix.net

The divorce between United States Steel Corp. and U.S. Steel Canada Inc. will likely lead to new bids for the Canadian unit, sources familiar with the restructuring say. U.S. Steel Canada has been effectively cut loose from its parent company under a transition agreement announced last week that includes a promise that the Pittsburgh-based U.S. Steel will not be a bidder if there is a second effort to sell the Canadian unit.

Tags: company canada parent steel

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