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U.S. Steel, Biden
Biden administration extends deadline on Nippon-U.S. Steel deal, offering some hope for merger
The bid by Japan's Nippon Steel to buy U.S. Steel may have a new lease on life after the Biden administration extended a deadline for the Japanese steelmaker to abandon plans to acquire the storied Pittsburgh company after President Joe Biden blocked the deal.
US Steel and Nippon sue Biden administration, Steelworkers union and Cleveland-Cliffs over their blocked merger
US Steel and Nippon, whose $14.3 billion merger was blocked by President Joe Biden last week, filed a lawsuit against the US government Monday, claiming Biden’s executive order to bar the companies from combining was signed for “purely political reasons.
US Steel and Nippon Steel sue Biden administration over blocked merger
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.
Cleveland-Cliffs, Nucor Prepare US Steel Bid
Cleveland-Cliffs still interested in U.S. Steel if pending merger fails
Cleveland-Cliffs CEO Lourenco Goncalves said Monday his company is ready to make another offer for U.S. Steel if its attempted merger with Japan’s Nippon Steel fails for good. “We have an all-American solution,
Cleveland-Cliffs partners with Nucor to potentially bid for US Steel
Cliffs is partnering with peer Nucor to prepare a potential bid for U.S. Steel, a person familiar with the matter told Reuters on Monday. Cleveland-Cliffs would purchase U.S. Steel in an all-cash deal,
Cleveland-Cliffs and Nucor Mull Fresh Bid for U.S. Steel
Cleveland-Cliffs is discussing joining with Nucor on a possible bid for U.S. Steel that is still likely months away from happening, according to people familiar with the matter. U.S. Steel had planned to sell itself to Japanese steelmaker Nippon Steel but President Biden earlier this month blocked the transaction over concerns about foreign ownership and national security.
5d
U.S. Steel, Its Merger Blocked, Faces Stark Alternatives
The onetime dynamo is fighting to revive a takeover by Nippon Steel. Other tie-ups could also face obstacles, and going it ...
1d
US Steel Launches ‘Longshot’ Attack on Union in Merger Fallout
A US Steel Corp. lawsuit against the United Steelworkers president and a rival manufacturer is likely to fail in court using ...
The Indianapolis Star
8d
Biden glorifies American-made steel while Gary rots in ruins | Opinion
can't do worse by U.S.
Steel
's workers or by the city of Gary than the company has already done while flying the American flag. Biden's effort to block the
merger
is an inappropriate intervention ...
RealClearMarkets
11d
The Dubious Behavior That Undermined the U.S. Steel-Nippon Steel Merger
President Biden’s announcement on Friday to block Nippon Steel’s acquisition of U.S. Steel is a political decision, not one ...
6d
on MSN
Yellen says CFIUS made "thorough analysis" of blocked US Steel-Nippon Steel merger
U.S. Treasury Secretary Janet Yellen said on Wednesday that Nippon Steel's blocked acquisition of U.S. Steel received a ...
7d
on MSN
EDITORIAL: Steel merger had nothing to do with national security
In keeping with Mr. Biden’s pattern in recent weeks of using the powers of his office for personal and political purposes, ...
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