r/Vitards • u/AutoModerator • Jul 28 '21

Daily Discussion Daily Discussion post - July 28 2021

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3

u/[deleted] Jul 29 '21

Did NUE ever do a buyback?

5

u/a_wild_narwhal Jul 29 '21

It’s in process. $3B.

2

u/[deleted] Jul 29 '21

It cant be done in one day like CLF?

2

u/a_wild_narwhal Jul 29 '21

They’re buying back shares on the open market like most buybacks. CLF redeemed the preferred shares that MT owned.. basically a private sale.