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Under pressure from outside investors including corporate raider Carl Icahn, USX Corporation, the parent corporation for U . S . Steel and Marathon Oil, announced
Under pressure from outside investors including corporate raider Carl Icahn, USX Corporation, the parent corporation for US Steel and Marathon Oil, announced a plan to split its stock into separate steel and energy issues. The market response to this action was immediately positive, with the stock price of USX increasing $ to close at $ on the day of the announcement. Why do you think this action by USX was so well received by the stock market?
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