The bidding war for U.S. Steel was sparked in August 2023, when Cleveland-Cliffs made an unsolicited offer to acquire U.S.

The CEO of Cleveland-Cliffs told Pittsburgh's Action News 4 that he and his company would still be interested in buying U.S. Steel if the deal for Nippon Steel to do so was blocked."When. When. When.

In prior discussions, U.S. Steel rejected the Cleveland-Cliffs bid but accepted Nippon's $15 billion offer, an offer President Biden blocked on the grounds of national security.

We recently published a list of 10 Stocks Take A Shocking Nosedive. Cleveland-Cliffs Inc. (NYSE:CLF) is one of the ...

That came five months after Cleveland-Cliffs, Inc. itself had made an offer for U.S. Steel, valuing the company at $7.3 billion, based on a $17.50 share in cash and 1.023 shares of Cliffs stock.

A U.S. Steel plant in Braddock, Pa. The fresh bid by Cleveland-Cliffs comes less than two weeks after President Biden blocked a $14 billion takeover of U.S. Steel by Nippon Steel.

United States Steel Corp (NYSE:X) and Nippon Steel Corp. have filed lawsuits against the Biden administration in response to President Joe Biden’s blocking of the steelmakers’ $14.9 billion deal.

Check This Out: Cleveland-Cliffs CEO Predicted Biden’s Block $14.9B Nippon Steel-US Steel Deal Months Before Action The proposed $14.9-billion takeover deal was announced at the end of 2023.

Nippon Steel, U.S. Steel sue Cleveland-Cliffs and others in move to keep deal alive Cleveland-Cliffs adds Sherwin-Williams exec to its board of directors The lawsuits came in the wake of Biden last ...

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 ...

In 2023 Cleveland-Cliffs, US Steel’s main competitor, offered to buy the declining company for just $7 billion. US Steel declined that offer in favor of Nippon Steel’s $15 billion.

U.S. Steel is accusing Cleveland-Cliffs, which lost in its attempt to buy U.S. Steel, of sowing misinformation to derail the sale to Nippon Steel.