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,
Nippon, US Steel file suit against Biden administration, union, and rival after $15B deal scuttled
Nippon Steel had promised to invest $2.7 billion in U.S. Steel’s aging blast furnace operations in Gary, Indiana, and Pennsylvania’s Mon Valley.
Japanese prime minister warns of fallout from Biden veto of Nippon-U.S. Steel deal
The usually reticent ally is making it clear that it will not go quietly in its fight to overturn President Biden’s decision to block Nippon Steel’s $14.1 billion takeover bid of U.S. Steel, with Prime Minister Shigeru Ishiba warning this week that the rejection could have real consequences for the bilateral relationship,
Nippon Steel and U.S. Steel sue Biden administration over blocked deal
Separate lawsuits from Nippon Steel and U.S. Steel target President Joe Biden as well as a steelworkers union head and a rival steelmaker’s CEO.
Nippon Steel Stands Firm on a US Steel Takeover and Denies Risks Cited by Biden
Nippon Steel Chief Executive Eiji Hashimoto says the top Japanese steelmaker is standing firm on its proposed $15 billion acquisition of U.S. Steel
U.S. Steel Acquisition Blocked by Politics, Nippon Steel CEO Says
TOKYO--The chairman of Nippon Steel dismissed suggestions of strategic missteps in the company's $14.1 billion bid for U.S. Steel and said President Biden's decision to block the acquisition was the result of politics.
Analysis-Nippon Steel lawsuit against Biden could buy time to keep U.S. Steel deal alive
Nippon Steel and U.S. Steel are unlikely to convince a court to scrap President Joe Biden's decision to block their $14.9 billion merger, but their lawsuit could give them more time to reach a deal with incoming President Donald Trump.
US Steel and Nippon sue Biden administration, Steelworkers union and Cleveland-Cliffs over their blocked merger
Lawsuit alleges Biden blocked US Steel-Nippon Steel merger for political reasons
The lawsuit in the U.S. Court of Appeals for the District of Columbia alleges that the Biden administration used the government review process as a pretext to reject the merger as
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Cleveland-Cliffs adds Sherwin-Williams exec to its board of directors
Cliffs President and CEO Lourenco Goncalves, who is also the board chair, said in a statement that Cronin's "longstanding ...
Analyst Sees US Steel Price Rebound Under Trump's Pro-Tariff Stance, Upgrades Cleveland-Cliffs Stock
GLJ Research analyst Gordon L. Johnson II upgraded Cleveland-Cliffs Inc. (NYSE:CLF) to Buy from Sell rating with a price ...
'We will never stop fighting'
“Nippon Steel is not going to go away,” Takahiro Mori, vice chairman and executive vice president of Nippon Steel and the ...
Cleveland-Cliffs Inc. (CLF): A Bull Case Theory
We came across a bullish thesis on Cleveland-Cliffs Inc. (NYSE:CLF) on Substack by Unemployed Value Degen. In this article, ...
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Cleveland-Cliffs Inc (CLF) Stock Price Reaches $9.5: What Factors Are Influencing This Level?
Goldman has recently initiated Cleveland-Cliffs Inc (CLF) stock to Buy rating, as announced on December 2, 2024, according to Finviz. Earlier, on August 27, 2024, Seaport Research Partners had raised ...
Pittsburgh's Reed Smith, K&L Gates Join Fight to Save Nippon Steel-U.S. Steel Merger
Ropes & Gray, Milbank and Wachtell, Lipton, Rosen & Katz all advised on the $14 billion acquisition. They're joined in two ...
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GLJ Research Upgrades Cleveland-Cliffs (CLF)
Fintel reports that on January 7, 2025, GLJ Research upgraded their outlook for Cleveland-Cliffs (NYSE:CLF) from Sell to Buy.
Cleveland-Cliffs Comments on U.S. Steel’s and Nippon Steel’s Desperate Lawsuits: Deflecting Blame on Everyone Else for their Own Mistakes
Cleveland-Cliffs Inc. (NYSE: CLF) ("Cliffs") provided the following statement regarding the recent developments related to the United States Government decision to prohibit the unlawful acquisition of ...
Buy Recommendation for Cleveland-Cliffs: Anticipated Policy Changes and Seasonal Trends Drive Positive Outlook
In a report released today, Gordon Johnson from GLJ Research assigned a Buy rating on Cleveland-Cliffs (CLF – Research Report), with a price ...
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 ...