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A new rival bid for US Steel is 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, now that the Biden Administration pushed back the deadline it imposed for the Japanese steelmaker to abandon its plan to acquire the storied Pittsburgh company.

The Washington Post on MSN · 2d

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.

Cleveland.com · 1d

A new rival bid for US Steel is emerging as the US extends deadline on Nippon's bid blocked by Biden

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.

Butler Eagle5d

Closeup: How a lawsuit Nippon Steel filed against Cleveland-Cliffs could shape the future of United States steel industry

In a federal lawsuit filed earlier this week, Nippon Steel and U.S. Steel allege Cleveland-Cliffs, its CEO and the president ...

CNN10d

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 ...

Fox Business9d

US Steel CEO: Government failed our country after Nippon Steel deal axed

The CEO of U.S. Steel blamed President Biden for failing the United States and emboldening foreign adversaries after his administration blocked the proposed $14 billion acquisition of U.S.

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A new rival bid for US Steel is emerging

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