Cleveland-Cliffs still interested in U.S. Steel if pending merger fails
4 days ago · Cleveland-Cliffs initially offered a $7.3 billion buyout in 2023 before upping its proposal to $14.7 billion in cash and stock, compared with Nippon’s $14.9 billion all-cash offer. President Joe ...
Cleveland-Cliffs could rename, relocate if it acquires U.S. Steel
3 days ago · There is only one Fortune 500 Company with "Cleveland" in its name. Why it matters: Maybe not for long. Driving the news: Cleveland-Cliffs CEO Lourenco Goncalves announced Monday in a rambling two-hour press conference that if a proposed acquisition of U.S. Steel is successful, he would rename the new corporate entity "U.S. Steel" and relocate its headquarters to Pennsylvania.
Cleveland-Cliffs to Host Press Conference with Lourenco …
4 days ago · CLEVELAND--(BUSINESS WIRE)-- Cleveland-Cliffs Inc. (NYSE: CLF) will hold a press conference today at its Butler Works plant in Butler, Pennsylvania, featuring Chairman, President, and CEO Lourenco Goncalves. The event marks the five-year anniversary of Cleveland-Cliffs' acquisition of AK Steel. At the time of the acquisition five years ago, Cliffs made the strategic commitment to defend U.S ...
Cleveland Cliffs CEO Lourenco Goncalves wants to make new bid …
3 days ago · Goncalves declined to give financial details about the bid, but said in a news conference at a Cleveland-Cliffs plant in western Pennsylvania that it is an "all-American solution" to save U.S. Steel.
Cleveland-Cliffs - Wikipedia
Cleveland-Cliffs Inc. (CCI, formerly Cliffs Natural Resources) is an American steel manufacturer based in Cleveland, Ohio. They specialize in the mining, beneficiation, and pelletizing of iron ore, as well as steelmaking, including stamping and tooling.
Cleveland-Cliffs to Host Press Conference with Lourenco …
4 days ago · CLEVELAND, January 13, 2025 -- (BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) will hold a press conference today at its Butler Works plant in Butler, Pennsylvania, featuring Chairman,...
Cleveland-Cliffs wants to buy US Steel; Nippon bid deadline …
4 days ago · 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...
Report: Cleveland-Cliffs, Nucor float new joint bid for U.S. Steel
4 days ago · Cleveland-Cliffs offered the company roughly $7.3 billion for a buyout in July 2023, though it was rebuffed. In a lawsuit filed earlier last week, U.S. Steel and Nippon say Cleveland-Cliffs conspired with the United Steelworkers Union to put pressure on Biden and the regulatory process to steer the deal back into its hands.
Cleveland-Cliffs CEO sees an 'all-American solution' to preserving …
5 days ago · Cleveland-Cliffs Inc. CEO Lourenco Goncalves says he has an "all-American solution" in place to buy United States Steel Corp. if a deal with Nippon Steel is abandoned. That solution, he said during a press conference in Pennsylvania on Monday afternoon, Jan. 13, would involve Cliffs' extensive steel operations becoming part of U.S. Steel (with ...
Cliffs CEO Lourenco Goncalves said he'd buy U.S. Steel assets
Sep 6, 2024 · Cleveland-Cliffs Inc., the rival steelmaker that sought to buy United States Steel Corp. but lost to Nippon Steel in the sales process, signaled late Thursday its interest in acquiring...