Nippon Steel Corp. says it "remains the only partner" for United States Steel Corp., vowing to continue pursuing its purchase despite White House opposition and the emergence of a rival offer from U.S. steelmaker Cleveland-Cliffs Inc.

Kyodo News+

Japan

Nippon Steel rebuts Cleveland-Cliffs' U.S. Steel takeover interest

The move by Cleveland-Cliffs comes after the Biden administration blocked the U.S. Steel-Nippon tie-up on national security grounds.

Ad Fontes Media

All Sides

Media Bias/Fact Check

The Washington Post

Jeff Bezos

Cleveland-Cliffs CEO says he wants to buy U.S. Steel if Nippon deal fails

NEW YORK -- Lourenco Concalves, CEO of Cleveland-Cliffs, said that the American steelmaker is willing to acquire U.S. Steel that has agreed to be purc

Nikkei

Nikkei, Inc.

Cleveland-Cliffs CEO shows willingness to bid for U.S. Steel

The bid by 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, said in a news conference Monday that he…

Japan Today

GPlusMedia

Sakado

Saitama Prefecture

Rival buyer for U.S. Steel emerges as U.S. extends deadline on Nippon Steel's bid

Cleveland-Cliffs CEO Lourenco Goncalves is blaming "weakness" for keeping Nippon Steel's massive bid to acquire U.S. Steel alive, complicating his company's own plans for a rival bid as the acquisition remains in limbo."Tony Blinken, the secretary of state, went to a farewell visit to Japan. Over there, the prime minister of Japan was very upset, apparently, and he said bad things about the president of the United States. Antony Blinken basicall…

Fox Business

Murdoch family

United States

Cleveland-Cliffs CEO blames US 'weakness' for keeping Nippon deal alive, putting wrench in rival bid plans

Axios   The CEO of steelmaker Cleveland-Cliffs reiterated he still wants to acquire rival U.S. Steel, in a news conference filled with intense and vehemently anti-Japan rhetoric. Why it matters: This is the buyer that the United Steelworkers union wants, but it presents major antitrust challenges. Catch up quick: Cleveland-Cliffs offered to buy U.S. Steel in late 2023, but U.S. Steel believed it was more likely to gain regulatory approval for a …

The Star News Network

Ohio Company Says It Still Wants to Buy U.S. Steel | The Star News Network

… 
“Japan is evil. Japan taught China a lot of things,” Goncalves said. “Japan taught China … White House when President-elect Donald Trump takes office.
“Japan beware,” Goncalves … Cleveland-Cliffs, and United Steelworkers President David McCall in federal court …

einnews.com

Cleveland-Cliffs CEO calls Japan ‘evil’ as he reiterates interest in acquiring U.S. Steel

Cleveland-Cliffs CEO Lourenco Goncalves has made headlines with his aggressive stance on acquiring U.S. Steel, emphasizing a strategy he describes as an “all-American solution.” This approach focuses on prioritizing American workers, which could resonate positively within the manufacturing sector, particularly in the steel industry. The potential acquisition may lead to significant consolidation… Source

Nippon Steel rebuts Cleveland-Cliffs' U.S. Steel takeover interest

Coverage Details

Bias Distribution

Ownership

Similar News Topics

Similar News Topics