A new rival bid for US Steel is emerging as the US extends …
Jan 13, 2025 · Goncalves declined to give financial details about the bid, but said in a news conference at a Cleveland-Cliffs plant in western Pennsylvania that it is an “all-American solution” to save U.S. Steel. He said he would relocate Cleveland-Cliffs’ headquarters to Pittsburgh, keep the U.S. Steel name and make Cleveland-Cliffs part of U.S. Steel.
Biden killed US Steel deal even though some US officials rejected ...
Jan 6, 2025 · President Joe Biden decided to block the $14 billion takeover of US Steel by Japan’s Nippon Steel even though some top US officials did not believe there were sufficient national security...
U.S. Steel Faces Stark Choices as Nippon Steel Merger Founders
Jan 9, 2025 · The onetime dynamo is fighting to revive a takeover by Nippon Steel. Other tie-ups could also face obstacles, and going it alone could force cutbacks. By Santul Nerkar For more than a year, U.S ...
U.S. Steel and Nippon Sue Biden Over Decision to Block Merger
Jan 6, 2025 · However, Mr. Biden’s move to terminate Nippon’s $14 billion bid for U.S. Steel raised questions about whether those powers were being abused, given that Japan is a close ally of the United States.
News & Events :: United States Steel Corporation (X)
Jan 3, 2025 · View our latest events and presentations. View information pertaining to our Annual Meeting of Shareholders.
Biden Blocks Takeover Bid of U.S. Steel by Japan’s Nippon
Jan 3, 2025 · President Biden blocked the $14 billion takeover of U.S. Steel by Nippon Steel of Japan in an announcement on Friday based on grounds that the sale posed a threat to national security.
US Steel’s shareholders just voted to end more than a century of ...
Apr 12, 2024 · US Steel shareholders Friday overwhelmingly approved a deal for the iconic American manufacturer to be purchased by Japan’s Nippon Steel. But the outlook for the controversial merger has never...
US Steel: Biden administration gives Nippon Steel more time to …
Sep 18, 2024 · US Steel put itself up for sale in 2023 after receiving an unsolicited $7 billion takeover offer from Ohio-based Cleveland Cliffs. The $14.9 billion deal with Nippon Steel, Japan’s largest...
Biden to decide US Steel deal after panel can't reach consensus - AP News
Dec 24, 2024 · WASHINGTON (AP) — A powerful government panel on Monday failed to reach consensus on the possible national security risks of a nearly $15 billion proposed deal for Nippon Steel of Japan to purchase U.S. Steel, leaving the decision to …
U.S. Steel faces murky future after Biden blocks proposed ... - CBS News
Jan 3, 2025 · The Biden administration's move on Friday to block Nippon Steel's proposed purchase of U.S. Steel raises questions about the once iconic American company's future, with industry sources...