$U.S. Steel(X)$ surged by 41.1% on Monday, reaching a new high since April 2022. This increase was attributed to recent bidding activities initiated by two companies, resulting in a competitive bid scenario. Esmark Inc. has announced its intention to acquire United States Steel through a cash offer of $35 per share, totaling approximately $7.8 billion. The chairman of United States Steel has a background as an executive and legal representative of the company, lending credibility to the potential for a successful transaction.Previously, $Cliffs Natural Resources(CLF)$ proposed a cash and stock acquisition at $32.53 per share, an offer that was declined by United States Steel. Interestingly, in its response le
13F: Detect investing opportunities and traps!
Hedge funds and institutions have released their holdings through 13F disclosures. Their reports will influence a great number of stocks. Let's check what “smart money” are buying over the past quarter. ----- [TOPIC] Which stock/sector is favored by institutions? Or which company is dumped by funds?
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