Friday, June 8, 2007

U.S. Steel shares surge after takeover report

(Reuters) - Shares of U.S. Steel rose in $9.65 to $125.45 in afternoon trading on the New York Stock Exchange.




U.S. Steel has been caught up in speculation as the sector consolidates due to growing global demand and declining resources. It has been linked to other companies in the past, including a report last fall in a Moscow newspaper that had Severstal buying the company.


Read more at Reuters.com Hot Stocks News

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