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Hosted on MSN · 14h

US Steel falls as Cliffs CEO hints that US Steel deal may not be best outcome

US Steel (NYSE:X) dropped 1.7% at least party as Cleveland-Cliffs (CLF) CEO Lourenco Goncalves appeared to be less interested in a US Steel (NYSE:X) deal after saying for months that he would be around if the Nippon Steel (OTCPK:NPSCY) deal fell apart.

Benzinga.com · 3d

Cleveland-Cliffs CEO Predicted Biden's Block $14.9B Nippon Steel-US Steel Deal Months Before Action

Cleveland-Cliffs Inc. CEO Lourenco Goncalves repeatedly predicted President Joe Biden would block Nippon Steel Corp.'s proposed $14.9 billion acquisition of United States Steel Corp. months before it happened,

Reuters on MSN · 2d

Rival CEO spread doubt about Nippon Steel deal prospects to Wall Street, documents allege

Even as Nippon Steel faced skepticism of its doomed $14.9 billion bid for U.S. Steel from the Biden administration, it was also contending with headwinds from an unlikely source: the CEO of a rival bidder for the firm who repeatedly cast doubt on the deal's prospects to investors.

CNBC on MSN · 1d

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.

1don MSN

Nippon Steel and US Steel rival denies bombshell lawsuit claims: 'We are armored through the teeth'

The CEO of Cleveland-Cliffs – a Nippon and U.S. Steel competitor – argues suing his company and the Biden administration is ...

3don MSN

Nippon Steel’s doomed $15B deal with Biden administration had unlikely opposition – a rival CEO: bombshell docs

Cliffs, which made a failed $7 billion bid for US Steel in August 2023, participated in at least nine calls assuring ...

1don MSN

With U.S. Steel Decision, Biden Turned His Back on Opposing Monopolies

Blocking Nippon Steel from acquiring U.S. Steel lays the groundwork for a major consolidation of American steelmaking that ...

2don MSN

Nippon Steel and U.S. Steel file lawsuits over handling of blocked deal

Separate lawsuits from Nippon Steel and U.S. Steel target President Joe Biden as well as a steelworkers union head and a ...

Crain's Cleveland Business2d

CEO of Cleveland-Cliffs fires back at Nippon, U.S. Steel over 'baseless' lawsuits

The CEO of Cleveland-Cliffs Inc. (NYSE: CLF) is not holding back in his assessment of lawsuits filed by Nippon Steel and U.S.

12h

US Steel spat strengthens case for deal guardrails

A 123-year-old steelmaker’s fate could yet become a restraint on modern-day executive power. United States Steel and suitor ...

Hosted on MSN1d

US Steel Stock Jumps After Lawsuit Over Biden’s Nippon Steel Deal Block: Retail Torn Between Business Confidence, National Security

U.S. Steel Corp. (X) shares climbed over 3% on Tuesday morning after the company, alongside Japan's Nippon Steel, filed ...

1d

Japanese steelmaker vows not to give up on buying U.S. Steel

Nippon Steel said it wouldn't be deterred by Biden’s decision last week to block its $15 billion bid for the storied U.S.

2d

Cleveland-Cliffs CEO responds to U.S. Steel lawsuit, says failed acquisition was ‘self-inflicted disaster’

Cleveland-Cliffs CEO Lourenco Goncalves's comments come after President Biden rejected the merger between U.S. Steel and Nippon Steel.

1don MSN

Cleveland-Cliffs still interested in buying all, parts of US Steel - Semafor

Cleveland-Cliffs (CLF) still wants to purchase all or parts of US Steel (NYSE:X) after President Joe Biden blocked its $14 ...

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