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Behrend investment team competes in CFA Institute Research Challenge

Image: U.S. Steel February 26, 2021 ERIE, Pa. — In January, when the deal closed, U.S. Steel executives positioned the company’s acquisition of Big River Steel as a “best of both” integration — a $774 million blending of traditional steelmaking and LEED-certified, Flex Mill manufacturing. The student members of Penn State Behrend’s CFA Institute Research Challenge Team said they saw it differently. “It’s too little, too late,” said Joshua Kirkpatrick, a senior from ...
Michael Fedorek Evan Briant Simon Nero Joshua Kirkpatrick Michael Tejchman Greg Filbeck
Source: psu.edu

U.S. Steel Buys Remaining Equity Of Big River Steel - The Waterways Journal

December 15, 2020 By David Murray United States Steel Corporation announced December 8 that it has exercised its call option to acquire the remaining equity of Big River Steel for approximately $774 million from cash on hand. Big River Steel’s barge-served facility is located in Osceola, Ark. It just completed Phase 2 of expansion plans, ahead of schedule and under budget, that will double its capacity to 3.3 million tons a year....
United States David Burritt United States Steel Corporation Big River Steel Driver Steel Flex Mill

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