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Esmark, chairman settle with US SEC for false tender offer to purchase US Steel

( September 6, 2024, 18:41 GMT | Official Statement) -- MLex Summary: Esmark and its founder, chairman, and former chief executive officer, James P. Bouchard, settled with the US Securities and Exchange Commission for publicly announcing a tender offer to purchase US Steel Corporation for $35 per share even though Esmark lacked the financial means to consummate the offer. Esmark and Bouchard agreed to pay civil penalties of $500,000 and $100,000 respectively.Statement and document follow below:...

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