A new rival bid for US Steel is emerging as the US extends …
Jan 13, 2025 · The bid by Japan’s Nippon Steel to buy U.S. Steel may have a new lease on life, ... Lourenco Goncalves, 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. ...
New bidder challenges Nippon in acquisition of U.S. Steel as
Jan 14, 2025 · HARRISBURG, Pa. (AP) — 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...
American Competitor Signals Possible New Bid for U.S. Steel
Jan 13, 2025 · A U.S. Steel plant in Braddock, Pa. The fresh bid by Cleveland-Cliffs comes less than two weeks after President Biden blocked a $14 billion takeover of U.S. Steel by Nippon Steel.
Biden blocks $14 billion acquisition of US Steel by Japan's Nippon ...
Jan 3, 2025 · WASHINGTON (AP) — President Joe Biden has blocked the nearly $15 billion proposed deal for Nippon Steel of Japan to purchase Pittsburgh-based U.S. Steel — affirming his earlier vow on the presidential campaign trail to prevent the acquisition of Steeltown USA’s most storied steel company.
Nippon Steel, US Steel file lawsuit after Biden ... - Associated Press News
Jan 6, 2025 · Nippon Steel and U.S. Steel are filing a federal lawsuit challenging the Biden administration’s decision to block a proposed nearly $15 billion deal for Nippon to acquire Pittsburgh-based U.S.
Biden blocks Japan’s Nippon from taking over US Steel
Jan 3, 2025 · President Joe Biden said Friday he is blocking a $14.3 billion acquisition of US Steel by Japan’s Nippon Steel, marking a significant use of executive authority in the closing days of his...
Biden blocks Japan's Nippon Steel from acquiring U.S. Steel - NBC News
Jan 3, 2025 · In a joint statement, U.S. Steel and Nippon Steel condemned Biden's decision, saying it "reflects a clear violation of due process and the law." The companies also hinted at taking legal action.
Despite Blocked US Steel Bid, Japan Won’t Stop Seeking American …
Jan 4, 2025 · Nippon Steel and U.S. Steel assailed Mr. Biden’s decision, calling the deal’s review “deeply corrupted by politics” and its rejection “shocking.” The companies said on Friday they ...
Fate of US Steel’s deal with Japan’s Nippon is now up to ... - CNN
Dec 23, 2024 · The fate of Nippon Steel’s acquisition of US Steel is now in the hands of Biden, who is expected to block it after arguing for months that the company should remain American-owned to protect...
U.S. Steel faces murky future after Biden blocks proposed ... - CBS News
Jan 3, 2025 · U.S. Steel leaders had warned that without an infusion of capital from Nippon Steel, it would be forced to curtail its legacy blast furnace investments and shift to cheaper nonunion...