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New rival bid for US Steel emerging

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,

Newsweek on MSN · 1d

Biden Extends Deadline for Nippon's US Steel Bid, Keeping Deal Alive

President-elect Donald Trump has also expressed strong opposition to Japanese ownership of infrastructure giant.

CNN · 1d

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.

U.S. Steel, Cleveland-Cliffs

Fortune on MSN · 11h

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 CEO says he wants to buy 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.

Washington Examiner on MSN · 1h

Pompeo likens Cleveland-Cliffs CEO comments to Putin or Xi in US Steel dustup

Former Secretary of State Mike Pompeo tore into the CEO of Ohio-based steel company Cleveland-Cliffs for controversial comments he made about Japan, comparing the remarks to those of U.S. adversaries.

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.

Wilson Center1d

Rejection of Nippon-US Steel Deal Demonstrates Need for Better National Security Guidelines

The argument is even less credible considering Japan hosts more than 50,000 US troops and in 2023 changed its laws so ...

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 ...

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 week, ...

Chattanooga Times Free Press3d

Nippon purchase of U.S. Steel would strengthen national security

Japan's Nippon Steel agreed to acquire the struggling U.S. Steel in a win-win deal that would bring much needed capital ...

Nippon, US Steel file suit against Biden administration, union, and rival after $15B deal scuttled

Nippon Steel and U.S. Steel are filing a federal lawsuit challenging the Biden administration’s decision to block a proposed ...

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New rival bid for US Steel emerging

U.S. Steel, Cleveland-Cliffs

US Steel Stock Jumps

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