'All-American solution': Bid for U.S. Steel in the works, Nucor part of the deal
Lourenco Goncalves, the CEO of Ohio-based steelmaker Cleveland Cliffs, said in a news conference Monday, Jan. 13, 2025, that he wanted to make a new bid for U.S. Steel, which accepted the buyout offer from Nippon in 2023 after it rejected an offer by Cleveland-Cliffs.
U.S. Steel and Nippon Steel allege in a lawsuit the administration blocked their $14.9 billion deal over political ...
June, was viewed by U.S. Steel and investors as an opportunity for the companies to complete the acquisition, even though ...
Separate lawsuits from Nippon Steel and U.S. Steel target President Joe Biden as well as a steelworkers union head and a ...
Nippon Steel said it wouldn't be deterred by Biden’s decision last week to block its $15 billion bid for the storied U.S.
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Cleveland-Cliffs aims to become largest U.S. steelmaker with U.S. Steel acquisitionCleveland-Cliffs Corporation marked the fifth anniversary of its acquisition of AK Steel with a news conference where CEO ...
The steel companies allege White House decision to block takeover was political and violated their right to due process.
Local steelworkers are holding out hope that the U.S. Steel sale with Nippon Steel goes through. This week Cleveland Cliffs ...
The lawsuit also accuses the United Steelworkers union president and a competing steelmaker of collaborating to derail the deal. President Joe Biden blocked the deal between Nippon and U.S.
My sole focus has been on protecting the jobs that exist today and, most importantly, having a clear path on investment so ...
the president of the United Steelworkers union, which represents many U.S. Steel employees. The complaint claims that Goncalves and McCall illegally interfered in the deal review and sought to ...
Nippon's $14.9 billion bid in late 2023 represented a nearly 40% premium to U.S. Steel's share price at the time. But politicians on both sides of the aisle have joined the United Steelworkers ...
If Cleveland-Cliffs is able to acquire US Steel, its CEO says the headquarters of the new entity would be in Pittsburgh, not ...
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