Cleveland-Cliffs Signals a Possible New Bid for U.S. Steel
1 day ago · A U.S. Steel plant in Braddock, Pa. The fresh bid by Cleveland-Cliffs comes less than two weeks after President Biden blocked a $14 billion takeover of U.S. Steel by Nippon Steel.
New bidder challenges Nippon in acquisition of U.S. Steel as ... - PBS
16 hours ago · Lourenco Goncalves, the CEO of Ohio-based steelmaker Cleveland Cliffs, said in a news conference Monday that he wanted to make a new bid for U.S. Steel, which accepted the buyout offer from Nippon ...
US Steel Launches ‘Longshot’ Attack on Union in Merger Fallout
1 day ago · A US Steel Corp. lawsuit against the United Steelworkers president and a rival manufacturer is likely to fail in court using an untested antitrust argument, yet could still damage the two defendants nonetheless.. US Steel is accusing USW President David McCall and Cleveland-Cliffs Steel Holding Corp. of illegally conspiring together to sabotage a proposed $14.1 billion merger with Japan’s ...
Biden blocks $14 billion acquisition of US Steel by Japan's Nippon ...
Jan 3, 2025 · Nippon Steel announced in December 2023 that it planned to buy the steel producer for $14.9 billion in cash and debt, and committed to keep the U.S. Steel name and Pittsburgh headquarters. Despite that, its proposal raised concerns about what the transaction could mean for unionized workers, supply chains and U.S. national security.
US Steel and Nippon Steel sue Biden administration over blocked merger
Jan 6, 2025 · U.S. Steel and Japan-based Nippon Steel sued the Biden administration on Monday over a decision made last week to block a merger between the two companies. A proposed acquisition of the second-largest domestic steel producer by Nippon for nearly $15 billion would threaten U.S. national security, the Biden administration said.
U.S. Steel and Nippon Sue Biden Over Decision to Block Merger
Jan 6, 2025 · U.S. Steel and Japan’s Nippon Steel sued the United States government on Monday in a last-ditch attempt to revive their attempted merger after President Biden blocked it last week on the basis ...
U.S. Steel faces murky future after Biden blocks proposed ... - CBS News
Jan 3, 2025 · The Biden administration's move on Friday to block Nippon Steel's proposed purchase of U.S. Steel raises questions about the once iconic American company's future, with industry sources...
US Steel’s shareholders just voted to end more than a century of ...
Apr 12, 2024 · US Steel shareholders Friday overwhelmingly approved a deal for the iconic American manufacturer to be purchased by Japan’s Nippon Steel. But the outlook for the controversial merger has never...
Biden to decide US Steel deal after panel can't reach consensus - AP News
Dec 24, 2024 · WASHINGTON (AP) — A powerful government panel on Monday failed to reach consensus on the possible national security risks of a nearly $15 billion proposed deal for Nippon Steel of Japan to purchase U.S. Steel, leaving the decision to …
US Steel: Biden administration gives Nippon Steel more time to …
Sep 18, 2024 · US Steel put itself up for sale in 2023 after receiving an unsolicited $7 billion takeover offer from Ohio-based Cleveland Cliffs. The $14.9 billion deal with Nippon Steel, Japan’s largest...