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United States Steel Corporation Announces Exercise in Full of Underwriter’s Option to Purchase Additional Common Shares
February 17, 2021 GMT
PITTSBURGH (BUSINESS WIRE) Feb 17, 2021
United States Steel Corporation (NYSE: X) (the “company” or “U. S. Steel”) announced today that, in connection with its recently completed offering of 42,000,000 shares of common stock at a price to the public of $16.3733 per share, the underwriter has exercised in full its option to purchase 6,300,000 additional shares of common stock (the “Additional Shares”).
U. S. Steel will receive additional net proceeds of approximately $103.2 million, after deducting expenses related to the offering, from the exercise of the option to purchase Additional Shares. Closing of the offering of Additional Shares is expected to occur on February 18, 2021. Morgan Stanley & Co. LLC acted as the underwriter for
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