Cleveland-Cliffs CEO renews efforts to purchase U.S. Steel

Cleveland-Cliffs CEO renews efforts to purchase U.S. Steel: "I have an all-American solution."
In the wake of President Joe Biden blocking Nippon Steel's bid to buy U.S. Steel, Cleveland-Cliffs has renewed its offer to become the new owner of the once-mighty steel giant.
Nippon Steel, U.S. Steel sue Cleveland-Cliffs and others in move to keep deal alive
They also filed a lawsuit in federal court in Pittsburgh against rival steelmaker Cleveland-Cliffs Inc. and CEO Lourenco Goncalves, as well as United Steelworkers President David McCall, alleging coordinated anticompetitive and racketeering activities designed to allow only Cliffs to acquire U.S. Steel.
Cleveland-Cliffs could rename, relocate if it acquires U.S. Steel
Cleveland-Cliffs CEO Lourenco Goncalves announced Monday in a rambling two-hour press conference that if a proposed acquisition of U.S. Steel is successful, he would rename the new corporate entity "U.
If Cleveland-Cliffs acquires US Steel, its CEO says the headquarters of the new company would be in Pittsburgh
If Cleveland-Cliffs is able to acquire US Steel, its CEO says the headquarters of the new entity would be in Pittsburgh, not Cleveland.
Cleveland-Cliffs CEO Speech Holds Some Gems for U.S. Steel Investors
After a takeover by Japan’s Nippon Steel was blocked, a new deal may be gaining traction. The politics of Joe Biden and Donald Trump are center stage.
Cleveland-Cliffs CEO believes U.S. Steel can stand on its own but would benefit from consolidation
Cleveland-Cliffs CEO Lourenco Goncalves said further consolidation of the steel industry would be beneficial for U.S. Steel and Cleveland-Cliffs, as it would result in more economies of scale. U.S. Steel's Clairton Coke Works Plant for instance could supply Cleveland-Cliffs' Indiana Harbor Works and Burns Harbor Works steel mills in Northwest Indiana,
U.S. Steel, Nippon Steel urge court to do quick review of challenge to Biden's block
The companies, whose $55 a share cash deal to acquire U.S. Steel was first proposed Dec. 18, 2023, are working against a June ...
American Competitor Signals Possible New Bid for U.S. Steel
The company’s renewed interest comes after the Biden administration blocked Nippon Steel from acquiring the onetime American ...
U.S. Extends Deadline for Nippon Steel to Abandon U.S. Steel Deal
The U.S. steelmaker said a federal interagency panel had granted an extension to June 18 for the requirement in President ...
City Journal2d
Blocking U.S. Steel-Nippon Steel Deal Would Hurt the U.S.
Another Joe from Delaware—the one finishing up his final days in the White House—apparently sees himself in the same light, ...
Gov. Shapiro hopeful for jobs-saving resolution to U.S. Steel saga
My sole focus has been on protecting the jobs that exist today and, most importantly, having a clear path on investment so ...
United States Steel Represents A Great Risk To Reward Prospect At Current Pricing
United States Steel's strategic investments position it well for future growth and modernization. See why X stock is a Buy.
The Hill12d
Biden’s decision to block the US Steel sale would have made Harry Truman proud
It wanted to invest in the United States because of Biden’s “use of tax incentives and subsidies to spur domestic production. Buying U.S. Steel… would enable it to capitalize on the U.S ...
The Times of Northwest Indiana6d
U.S. Steel lawsuit alleges deal blocked because of politics after 'sham' review
U.S. Steel and Nippon Steel allege in a lawsuit the administration blocked their $14.9 billion deal over political ...
Nasdaq10d
Spotlight on United States Steel: Analyzing the Surge in Options Activity
Investors with significant funds have taken a bearish position in United States Steel (NYSE:X), a development that retail traders should be aware of. This was brought to our attention today ...
Business Wire12d
Nippon Steel and U. S. Steel File Multiple Lawsuits in Response to Wrongful Interference with the Proposed Acquisition of U. S. Steel
Second lawsuit filed in U.S. District Court for the Western District of Pennsylvania against Cleveland-Cliffs, Cliffs’ CEO ...
japannews.yomiuri2hOpinion
Biden Leaves Office: Struggles of U.S. Embodied in His 4 Years
Joe Biden’s presidency will likely be remembered as a time when the United States struggled to prevent the collapse of ...