U.S. Steel shares jump after unsolicited bid from Cleveland-Cliffs

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[1/2] A member of the Ironworkers Local 7 union installs steel beams on high-rise building under construction during a summer heat wave in Boston, Massachusetts, U.S., June 30, 2021. REUTERS/Brian Snyder Aug 14 (Reuters) - Shares of U.S. Steel (X.N) jumped about 33% in mid-day trade on Monday, after the steelmaker rejected a $7.3-billion buyout offer from Cleveland-Cliffs (CLF.N) but said it would review its options following "multiple unsolicited proposals" from other unnamed bidders. Even though U.S. Steel has so far rejected entreaties from Cleveland-Cliffs, shares surged on Monday, reflecting expectations that the Pittsburgh-based steel company could be acquired after...