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

Cleveland-Cliffs and Nucor are partnering to bid for U.S. Steel after the Biden administration blocked Nippon Steel's acquisition offer.
Cleveland-Cliffs plans to buy U.S. Steel for cash and sell Big River Steel mini-mills to Nucor while keeping U.S. Steel's headquarters in Pittsburgh.
U.S. Steel shares rose 6% following the news of the potential bid, indicating investor interest.
Lourenco Goncalves, CEO of Cleveland-Cliffs, stated that a new bid is contingent on U.S. Steel and Nippon Steel abandoning their blocked deal.

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The Bradford Era

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The Center Square

Report: Cleveland-Cliffs, Nucor float new joint bid for U.S. Steel

An Ohio-based company won’t give up on its quest to merge with U.S. Steel.

1 month ago·Bradford, United States

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marketbeat.com

Covea Finance Makes New Investment in Nucor Co. (NYSE:NUE)

Covea Finance acquired a new position in Nucor Co. (NYSE:NUE - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 50,000 shares of the basic materials company's stock, valued at approximat

1 month ago

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Inc.

Cleveland-Cliffs Eyes All-Cash Purchase of U.S. Steel

After Nippon Steel’s bid was thwarted by the Biden administration, other American competitors are looking for an acquisition.

1 month ago

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Washington Examiner

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

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…

1 month ago·Washington, United States

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WTAE

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

The CEO of Cleveland-Cliffs calls it 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.

1 month ago·Pittsburgh, United States

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Penn Live

A new rival bid for US Steel emerges after Nippon deal deadline extended

HARRISBURG (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.

1 month ago·Harrisburg, United States

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