U. S. Steel Announces Sale of Transtar, LLC to Fortress Transportation and Infrastructure Investors LLC for $640 Million
PITTSBURGH--(BUSINESS WIRE)---- $X #ussteel--United States Steel Corporation (NYSE: X) (U. S. Steel or the "Company") announced today that it has agreed to sell Transtar, LLC to an affiliate of Fortress Transportation and Infrastructure Investors LLC (NYSE: FTAI) (FTAI) for $640 Million. The transaction is expected to close in the third quarter of 2021, subject to customary closing conditions including receipt of certain regulatory approvals. Upon completion of the sale, U. S. Steel will recognize key stra
U. S. Steel Announces Sale of Transtar, LLC to Fortress Transportation and Infrastructure Investors LLC for $640 Million
PITTSBURGH--(BUSINESS WIRE)---- $X #ussteel--United States Steel Corporation (NYSE: X) (U. S. Steel or the "Company") announced today that it has agreed to sell Transtar, LLC to an affiliate of Fortress Transportation and Infrastructure Investors LLC (NYSE: FTAI) (FTAI) for $640 Million. The transaction is expected to close in the third quarter of 2021, subject to customary closing conditions including receipt of certain regulatory approvals. Upon completion of the sale, U. S. Steel will recognize key stra