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U. S. Steel Acquires Outstanding Interests in Clairton 1314B Partnership
11/03/2008 - U. S. Steel acquires additional equity interests that it did not previously own in the Clairton 1314B Partnership LP for a price of $104 million, and subsequently terminated the Partnership.
United States Steel Corp. has acquired the equity interests that it did not own in the Clairton 1314B Partnership LP (Partnership). Following U. S. Steel’s acquisition of the additional interests, which were purchased for a price of $104 million, the Partnership was terminated.
The Partnership owned and operated two coke batteries at U. S. Steel's Clairton Works, and the financial results of the Partnership had been consolidated in U. S. Steel's financial statements.
The company noted that there would be no change in Clairton Works operations as a result of the transaction.
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