United States Steel Corporation has addressed comments from the U.S. Securities and Exchange Commission (SEC) regarding its preliminary proxy statement filed on January 24, 2024. The SEC's letter, dated February 16, 2024, prompted the company to provide additional details and revisions. United States Steel has submitted responses and filed an amendment to the preliminary proxy statement, focusing on the background of a potential merger. The company expanded disclosures on the discussions of potential transaction synergies, particularly with Company D, and provided more detail on the board's decision-making process, including why NSC's offer was deemed superior. The company also addressed the SEC's request for more information on the potential need to divest assets in a transaction with Company D, as well as the material assumptions underlying their December 2023 projections. The revisions were made in various sections of the proxy statement, and United States Steel has invited further inquiries from the SEC on these matters.

United States Steel Corporation has addressed comments from the U.S. Securities and Exchange Commission (SEC) regarding its preliminary proxy statement filed on January 24, 2024. The SEC's letter, dated February 16, 2024, prompted the company to provide additional details and revisions. United States Steel has submitted responses and filed an amendment to the preliminary proxy statement, focusing on the background of a potential merger. The company expanded disclosures on the discussions of potential transaction synergies, particularly with Company D, and provided more detail on the board's decision-making process, including why NSC's offer was deemed superior. The company also addressed the SEC's request for more information on the potential need to divest assets in a transaction with Company D, as well as the material assumptions underlying their December 2023 projections. The revisions were made in various sections of the proxy statement, and United States Steel has invited further inquiries from the SEC on these matters.