Came across this excerpt from Wall Street Journal Europe;
"Analysts say ThyssenKrupp's offer already is expensive, representing a 40% premium to Dofasco's share price before Arcelor launched its bid in November. In a recent report, Morgan Stanley estimated ThyssenKrupp's offer values Dofasco's steel capacity at about $1,000 a ton, while U.S. Steel Corp. trades at about $350 a ton."
As I had blogged earlier in the month, US Steel won't command the same price as Dofasco. With the difference in value, and other factors, I would like to see USX improve their results. So does Citigroup. Other agencies are soon to follow.
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