Cleveland Cliffs is partnering with rival Nucor in a potential bid for U.S. Steel, whose takeover by Japan’s Nippon Steel was just blocked by the White House earlier this month, sources tell CNBC’s David Faber.



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

United States Steel Corp. shares rose after CNBC reported that Cleveland-Cliffs Inc. and Nucor Corp. are considering a takeover bid of the iconic American steelmaker.

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Cleveland-Cliffs partnering with Nucor on potential bid for U.S. Steel, sources say

LYNDORA, Pennsylvania — Lourenco Goncalves, the CEO of steelmaker Cleveland-Cliffs, said he wants to make a new bid to acquire U.S. Steel, calling his pitch an “all-American solution” to save the corporation. At a nearly hour-long press conference Monday at the company’s facility in Butler, Pennsylvania, Goncalves said he would make Pittsburgh the headquarters of the new company, relocating Cleveland-Cliffs to the city and making it a subsidy of…

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Cleveland-Cliffs CEO’s bid for US Steel includes keeping the iconic name - Washington Examiner

HARRISBURG, Pa.—The bid by Japan’s 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 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.
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New Rival Bid for US Steel Emerging as US Extends Deadline on Nippon’s Bid Blocked by Biden

Cleveland-Cliffs Inc. is partnering with rival Nucor Corp. in a potential bid for United States Steel Corp., CNBC reported Monday.

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Cleveland-Cliffs, Nucor Mull US Steel Bid, CNBC Says

HARRISBURG, Pa. (AP) — The bid by Japan's 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.

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American steel company Cleveland-Cliffs is considering a bid for its peer US Steel, which would merge with Japan's Nippon Steel, but US President Joe Biden wants to block the takeover due to national security concerns.

Het Amerikaanse staalbedrijf Cleveland-Cliffs overweegt een bod uit te brengen op zijn sectorgenoot US Steel. Die zou samengaan met het Japanse Nippon Steel, maar de Amerikaanse president Joe Biden wil die overname blokkeren wegens bezorgdheid over de nationale veiligheid.

Staalbedrijf Cleveland-Cliffs overweegt “volledig Amerikaanse” overname van US Steel

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Steel company Cleveland-Cliffs considers “all-American” takeover of US Steel

The bid by Japan's 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 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.Goncalves declined t…

Ceveland-Cliffs is partnering with peer Nucor to prepare a potential all-cash bid for U.S. Steel, with an offer in the high $30s per share, a person familiar with the matter said on Monday.

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Cleveland-Cliffs partnering with Nucor on potential bid for U.S. Steel: CNBC

Cleveland-Cliffs partnering with Nucor on potential bid for U.S. Steel: CNBC

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