Cleveland-Cliffs: A US Steel Deal Might Not Be Enough To Revive This Old Business
Financial risks and uncertainties surround CLF's potential acquisition of US Steel, but share buyback program offers potential returns to investors.
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, having stepped in to nix a $15 billion deal between U.S. Steel and Japan’s Nippon Steel.
A new rival bid for US Steel is emerging as the US extends deadline on Nippon’s bid blocked by Biden
The bid by Japan’s Nippon Steel to buy U.S. Steel may have a new lease on life, now that the Biden Administration pushed back the deadline it imposed for the Japanese steelmaker to abandon its plan to acquire the storied Pittsburgh company.
Japanese Prime Minister raises concerns with Biden over his move to block Nippon Steel deal for US Steel
Japan Prime Minister Shigeru Ishiba asked U.S. President Joe Biden to allay concerns in the Japanese and U.S. business communities over the status of Nippon Steel’s 5401.T planned acquisition of U.S.
Biden admin delays enforcement of order blocking Nippon Steel, US Steel deal, companies say
The Biden administration delayed until June an order for Nippon Steel to abandon its $14.9 billion bid for U.S. Steel , the companies said on Saturday, giving them some time to revive the politically contentious deal.
Cleveland-Cliffs mulls purchase of U.S. Steel if Nippon deal fails
The move by Cleveland-Cliffs comes after the Biden administration blocked the U.S. Steel-Nippon tie-up on national security grounds.
A new rival bid for US Steel is emerging as the US extends deadline on Nippon's bid blocked by Biden
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 in 2023 after it rejected an offer by Cleveland-Cliffs.
Cleveland-Cliffs eyeing all-cash bid for U.S. Steel, source says
Cleveland-Cliffs is partnering with peer Nucor to prepare a potential all-cash bid for U.S. Steel, with an offer in the high $30s per share, a person familiar with the matter said on Monday. Cliffs is aiming to purchase all of U.
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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 ...
Nippon Steel wants to work with Trump administration on US Steel deal, Mori tells WSJ
Japan's Nippon Steel remains interested in working with the incoming administration of Donald Trump to try to seal a takeover ...
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 ...
Possible takeover bid for US Steel reported
United States Steel Corp. shares rose Monday after cable financial news channel CNBC reported that Cleveland-Cliffs Inc. and ...
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Shapiro backs joint bid for US Steel
A joint bid for U.S. Steel from two domestic rivals has the potential support of Gov. Josh Shapiro. In a statement to The Center Square on Monday, the governor’s office said Cleveland-Cliffs CEO ...
Canada’s Counter-Tariff Plan Would Target US Aluminum, Steel
Canada’s draft plan to retaliate against US tariffs may roll out in stages, with the government preparing to hit all American ...
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Steel decarbonization will add to Ohio's growing electricity demand
The Clean Energy Buyer's Association found that by 2050, the U.S. steel industry will require 10 times as much electricity as ...
Shapiro could support new U.S. Steel buyout offer
A joint bid for U.S. Steel from two domestic rivals has the potential support of Gov. Josh Shapiro. In a statement to The ...