-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, A/pArvtsh+GAfFuDndo4RYrDSLLOSryNWv4wUujnK/Yv7V0aeypTYUEmE6TY8CDc vSwojkdJW3xZzkzsxzwmiw== 0001163302-03-000034.txt : 20030411 0001163302-03-000034.hdr.sgml : 20030411 20030411132012 ACCESSION NUMBER: 0001163302-03-000034 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20030411 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030411 FILER: COMPANY DATA: COMPANY CONFORMED NAME: UNITED STATES STEEL CORP CENTRAL INDEX KEY: 0001163302 STANDARD INDUSTRIAL CLASSIFICATION: STEEL WORKS, BLAST FURNACES ROLLING MILLS (COKE OVENS) [3312] IRS NUMBER: 251897152 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-16811 FILM NUMBER: 03646733 BUSINESS ADDRESS: STREET 1: 600 GRANT ST STREET 2: ROOM 1500 CITY: PITTSBURGH STATE: PA ZIP: 15219-2800 BUSINESS PHONE: 415 433 2967 FORMER COMPANY: FORMER CONFORMED NAME: UNITED STATES STEEL LLC DATE OF NAME CHANGE: 20011205 8-K 1 fm8k0411.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ----------------------- FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 ----------------------- Date of Report (Date of earliest event reported): April 11, 2003 United States Steel Corporation - --------------------------------------------------------------------- (Exact name of registrant as specified in its charter) Delaware 1-16811 25-1897152 --------------- ---------------------- ------------------- (State or other (Commission File (IRS Employer jurisdiction of Number) Identification No.) incorporation) 600 Grant Street, Pittsburgh, PA 15219-2800 - ---------------------------------- ---------- (Address of principal executive (Zip Code) offices) (412) 433-1121 ------------------------------ (Registrant's telephone number, Including area code) 2 Item 5. Other Events United States Steel Corporation is filing the April 11, 2003 press release titled "U. S. Steel Confirms Bid for National Steel Assets." Attached is a copy of the press release in substantially the form released. Item 7. Financial Statements and Exhibits (c) Exhibits 99.1 Press Release - "U. S. Steel Confirms Bid for National Steel Assets" SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. UNITED STATES STEEL CORPORATION By /s/ Larry G. Schultz ------------------------- Larry G. Schultz Vice President & Controller Dated: April 11, 2003 EX-99.1 3 ex9910411.txt Exhibit 99.1 U. S. STEEL CONFIRMS BID FOR NATIONAL STEEL ASSETS PITTSBURGH, April 11, 2003 - United States Steel Corporation (NYSE:X) confirmed that it has submitted a bid to National Steel Corporation to purchase substantially all of National's steelmaking and steel finishing assets and the assets of National Steel Pellet Company for a price of $975 million, payable through $775 million in cash and the assumption of $200 million of National liabilities. This price is in addition to the significant value that U. S. Steel will provide to National's employees through its progressive new labor agreement with the United Steelworkers of America (USWA) announced on Wednesday. Commenting on the new tentative labor agreement, U. S. Steel Chairman and Chief Executive Officer Thomas J. Usher said, "This innovative agreement builds value for our employees and the employees of National Steel while providing us the flexibility to staff and operate our facilities on a world competitive basis. The agreement also allows us to address critical issues related to steel companies in bankruptcy in a humane way." U. S. Steel's bid is consistent with the terms of its January 9, 2003, Asset Purchase Agreement with National, adjusted for the addition of the National Steel Pellet assets. The January Agreement was conditioned on obtaining a satisfactory labor agreement. Because of the groundbreaking agreement reached with the USWA this week, the bid submitted to National on April 10 is not conditioned on a labor agreement. U. S. Steel has also received all necessary regulatory approvals to close the National acquisition, and the bid is subject only to customary closing conditions. Usher stated, "We remain the best solution for National's customers, employees, retirees, creditors, suppliers and the communities in which National operates. We have a labor agreement that ensures continuity of National's business operations and uninterrupted supply to National's customers, provides secure jobs and competitive wages for the National employees, and assists in the fair and humane resolution of the legacy problems that have plagued National and the domestic steel industry. It's time to resolve the National Steel bankruptcy in the best way for all interested parties. We have offered a fair value for National's assets, and we are prepared to close the deal immediately following Bankruptcy Court approval." National Steel has been operating under the protection of the U. S. Bankruptcy Code since March 6, 2002, and the United States Bankruptcy Court for the Northern District of Illinois has established a bidding procedure that includes an auction on April 16, 2003, and a hearing to confirm the winning bid on April 21, 2003. Under its bid, U. S. Steel would acquire facilities at National's two integrated steel plants, Great Lakes Steel, in Ecorse and River Rouge, Mich., and the Granite City Division in Granite City, Ill.; the Midwest finishing facility in Portage, Ind., near Gary, Ind.; ProCoil Corporation in Canton, Mich.; National Steel Pellet Company's iron ore pellet operations in Keewatin, Minn. and various other subsidiaries; and joint-venture interests, including National's share of Double G Coatings, L.P. in Jackson, Miss. -----END PRIVACY-ENHANCED MESSAGE-----