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SEC Charges Esmark Inc., Chairman James Bouchard With Announcing False Tender Offer to Purchase U.S. Steel Corp.
September 07, 2024
WASHINGTON, Sept. 7 -- The Securities and Exchange Commission issued the following news release on Sept. 6, 2024:

The Securities and Exchange Commission today announced settled charges against Esmark Inc. and its founder, chairman, and former CEO, James P. Bouchard, for publicly announcing a tender offer to purchase U.S. Steel Corporation for $35 per share even though Esmark lacked the financial means to consummate the offer.

According to the SEC's order, on Aug. . . .

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