U.S. Steel To Acquire Remaining Stake In Big River Steel

United States Steel Corp. is on the verge of becoming the sole owner of Big River Steel, the first “superproject” in the history of the Natural State.

U.S. Steel has exercised its call option to acquire the remaining equity of BRS for approximately $774 million from cash on hand. The company ended November with approximately $2.9 billion of liquidity, including about $1.7 billion in cash. The deal is expected to be completed in the first quarter of 2021, subject to satisfaction of customary closing conditions, including antitrust approval.

https://www.ualrpublicradio.org/post/us-steel-acquire-remaining-stake-big-river-steel

An aerial photo of the Big River Steel facility in November 2016. U.S. Steel Corporation is taking steps to acquire complete ownership of the plant.

CREDIT BIG RIVER STEEL