Cleveland-Cliffs and Nucor Mull Fresh Bid for U.S. Steel
An offer is probably months away from happening.
Read more at The Wall Street Journal
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Cleveland-Cliffs partnering with Nucor on potential bid for U.S. Steel, sources say
The White House over the weekend extended the deadline for Nippon to permanently end its pursuit of U.S. Steel until June.CNBC - 1d -
Joe Biden delays order to end Nippon Steel bid for US Steel
Suspension of executive order until 18 June gives courts time to review steelmakers’ legal challenge. The Biden administration has delayed until June an order for Nippon Steel to abandon its ...The Guardian - 2d -
U.S. Steel CEO calls for Trump to take fresh look at Nippon deal, slams Biden decision as corrupt
Trump opposes U.S. Steel's sale to Nippon, but CEO David Burritt believes he can convince the president-elect that the deal is in the interest of U.S. workers.CNBC - Jan. 7 -
Biden Blocks Sale of U.S. Steel to Nippon Steel
The yearlong campaign by the Japanese steelmaker for a $14.1 billion deal crashed against opposition to foreign ownership from political leaders and the United Steelworkers union.The Wall Street Journal - Jan. 3 -
The Fallout from U.S. Steel
Nippon Steel’s $14 billion takeover bid for the steelmaker appears doomed, with President Biden expected to reject it. Litigation and diplomatic turmoil could follow.The New York Times - Jan. 3 -
Biden rejects U.S. Steel-Nippon Steel deal
A government panel failed to reach consensus on national security risks of a proposal for Nippon Steel to purchase U.S. Steel, leaving the decision to the president.CBS News - Jan. 3 -
Joe Biden blocks Nippon Steel’s $14.9bn bid to purchase US Steel
President cites national security concerns as he follows through on pledge to keep steelmaker domestically owned. Joe Biden has blocked a $14.9bn bid by Japan’s Nippon Steel for US Steel, ...The Guardian - Jan. 3 -
Biden Plans to Block Takeover Bid of U.S. Steel by Japan’s Nippon
The president’s announcement of the fate of the iconic Pennsylvania-based company, which became a contentious political issue in an election year, is expected as soon as Friday.The New York Times - Jan. 3
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