U.S. Steel Explodes On Takeover Talk (X, MT)

Shares of U.S. Steel X are surging today amid reports the company could be the target of a takeover deal. Luxembourg-based Arcelor Mittal MT is the rumored buyer. Shares of U.S. Steel are up $3.06, or 6.47%, to $50.38. A reported offering price of $80 a share has been floated around today.