United States Steel Corporation’s $774 Million Acquisition Of Big River Steel

Milbank LLP advised United States Steel Corporation on the deal.

United States Steel Corporation (NYSE: X) (“U. S. Steel”) announced its acquisition of the remaining equity of Big River Steel (“Big River”) for approximately $774 million. The transaction is expected to close in the first quarter of 2021, subject to satisfaction of customary closing conditions.

U. S. Steel, headquartered in Pittsburgh, Pennsylvania, is a leading integrated steel producer and Fortune 250 company with major operations in the United States and Central Europe.

The Milbank team representing U. S. Steel is being led by Global Corporate partner Bob Kennedy (Picture), with special counsel Iliana Ongun and associate Nam Phan; Antitrust partner Fiona Schaeffer with associate Andrew Wellin; Leveraged Finance partner Michael Bellucci and associate Christopher Kwan; Capital Markets partner James Ball; Executive Compensation and Employee Benefits partner Mike Shah and associate James Beebe; and Tax partner Max Goodman.

Involved fees earner: James Ball – Milbank; James Beebe – Milbank; Michael Bellucci – Milbank; Max Goodman – Milbank; Robert Kennedy – Milbank; Christopher Kwan – Milbank; Iliana Ongun – Milbank; Nam Phan – Milbank; Fiona Schaeffer – Milbank; Mike Shah – Milbank; Andrew Wellin – Milbank;

Law Firms: Milbank;

Clients: United States Steel Corp;


Author: Ambrogio Visconti