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A new rival bid for US Steel is emerging

Hosted on MSN · 20h

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, even as the potential for a new bid for the storied Pittsburgh steelmaker began to emerge Monday. Lourenco Goncalves, the CEO of Ohio-based steelmaker Cleveland Cliffs,

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.

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.

Cleveland-Cliffs mulls purchase of U.S. Steel

Hosted on MSN · 8h

Cleveland-Cliffs CEO blasts ‘evil’ Japan, home of rival Nippon Steel: ‘You did not learn anything since 1945’

There’s renewed uncertainty over U.S. Steel’s future after President Biden decided to block Nippon Steel’s acquisition bid, worth over $14 billion, citing national security.

The Washington Post on MSN · 1d

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.

NBC News on MSN · 18h

Cleveland-Cliffs CEO calls Japan ‘evil’ as he reiterates interest in acquiring U.S. Steel

Cleveland-Cliffs CEO Lourenco Goncalves said Monday he had a plan to buy U.S. Steel as he launched a tirade against Japan, calling the close U.S. ally “evil.”

US Steel Stock Jumps

The New York Times · 1d

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 powerhouse.

Bloomberg L.P. · 1d

US Steel Jumps on Report of Joint American Bid

Good morning. US Steel shares rise on reports of a potential bid by American suitors. Tesla overtakes Audi in sales for the first time. And Dubai is getting a $56,000-a-year private school. Listen to the day’s top stories.

Investopedia · 1d

US Steel Stock Jumps as Cleveland-Cliffs and Nucor Reportedly Mull Joint Bid

U.S. Steel shares jumped Monday on a report that Cleveland-Cliffs is teaming up with rival Nucor for a potential bid for the company, whose $14.1 billion buyout by Nippon Steel was recently blocked by President Joe Biden.

7don MSN

Nippon Steel stands firm on a US Steel takeover and denies risks cited by Biden

Nippon Steel Chief Executive Eiji Hashimoto says the top Japanese steelmaker is standing firm on its proposed acquisition and ...

CNN on MSN8d

Nippon Steel may sue US government over Biden’s decision to block US Steel acquisition

Nippon Steel, whose multibillion-dollar proposal to buy struggling US Steel was blocked by President Joe Biden last ...

Business Wire8d

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 ...

8d

Nippon Steel and US Steel sue Biden administration over blocked merger

U.S. Steel and Japanese steelmaker Nippon Steel sued the U.S. government Monday in a last-ditch effort to move forward with ...

3d

Allegiance: A tale of two threatened Pennsylvania steel companies

Federal interference threatened operations for two Pennsylvania steel companies this year. The allies on the battlefield, ...

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