New rival bid for US Steel emerging

A new rival bid for US Steel is emerging as the US extends deadline on Nippon’s bid blocked by Biden
The bid by Japan’s Nippon Steel to buy U.S. Steel may have a new lease on life, now that the Biden Administration pushed back the deadline it imposed for the Japanese steelmaker to abandon its plan to acquire the storied Pittsburgh company.
Nippon Steel wants to work with Trump administration on US Steel deal, Mori tells WSJ
Japan's Nippon Steel remains interested in working with the incoming administration of Donald Trump to try to seal a takeover of U.S. Steel, its vice chairman Takahiro Mori said an opinion piece in the Wall Street Journal.
Biden Extends Deadline for Nippon's US Steel Bid, Keeping Deal Alive
President-elect Donald Trump has also expressed strong opposition to Japanese ownership of infrastructure giant.
A new rival bid for US Steel is emerging as the US extends deadline on Nippon's bid blocked by Biden
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.
Biden admin delays enforcement of order blocking Nippon Steel, US Steel deal, companies say
The Biden administration delayed until June an order for Nippon Steel to abandon its $14.9 billion bid for U.S. Steel , the companies said on Saturday, giving them some time to revive the politically contentious deal.
New bidder challenges Nippon in acquisition of U.S. Steel as Biden administration extends deadline
The proposed deal kicked up an election year political maelstrom across America’s industrial heartland and quickly drew vows by Biden and Trump from the campaign trail in a critical battleground state to block the deal.

U.S. Steel, Cleveland-Cliffs

US Steel spat strengthens case for deal guardrails
A 123-year-old steelmaker’s fate could yet become a restraint on modern-day executive power. United States Steel and suitor ...
United States Steel Represents A Great Risk To Reward Prospect At Current Pricing
United States Steel's strategic investments position it well for future growth and modernization. See why X stock is a Buy.
Shapiro could support new U.S. Steel buyout offer
A joint bid for U.S. Steel from two domestic rivals has the potential support of Gov. Josh Shapiro. In a statement to The ...
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 acquisition and ...
U.S. Steel contributes $30K to support Bidwell Training Center program
Amid the ongoing saga of its proposed $14.9 billion acquisition by Japanese steelmaking giant Nippon Steel, and with big ...
Cleveland-Cliffs CEO blames US 'weakness' for keeping Nippon deal alive, putting wrench in rival bid plans
Cleveland-Cliffs CEO Lourenco Goncalves criticized the deadline extension keeping Nippon Steel's bid to acquire U.S. Steel ...
U.S. Steel, Its Merger Blocked, Faces Stark Alternatives
The onetime dynamo is fighting to revive a takeover by Nippon Steel. Other tie-ups could also face obstacles, and going it ...
U.S. Steel Takeover by Cleveland-Cliffs and Nucor Reported. Why Trump Is Key.
After a takeover by Japan’s Nippon Steel was blocked, a new deal may be gaining traction. The politics of Joe Biden and ...