Cleveland-Cliffs Signals a Possible New Bid for U.S. Steel
Posted inBiden, Joseph R Jr Cleveland-Cliffs Inc Committee on Foreign Investment in the United States (CFIUS) Factories and Manufacturing Foreign Investments Goncalves, Lourenco Labor and Jobs Mergers, Acquisitions and Divestitures Nippon Steel Corporation Nucor Corporation Organized Labor Steel and Iron Suits and Litigation (Civil) United States Politics and Government United States Steel Corporation United Steelworkers of America

Cleveland-Cliffs Signals a Possible New Bid for U.S. Steel

The company’s renewed interest comes after the Biden administration blocked Nippon Steel from acquiring the onetime American powerhouse.
U.S. Steel Faces Stark Choices as Nippon Steel Merger Founders
Posted inAntitrust Laws and Competition Issues Biden, Joseph R Jr Cleveland-Cliffs Inc Committee on Foreign Investment in the United States (CFIUS) Customs (Tariff) International Trade and World Market Mergers, Acquisitions and Divestitures Nippon Steel Corporation Steel and Iron United States Politics and Government United States Steel Corporation United Steelworkers of America

U.S. Steel Faces Stark Choices as Nippon Steel Merger Founders

The onetime dynamo is fighting to revive a takeover by Nippon Steel. Other tie-ups could also face obstacles, and going it alone could force cutbacks.
U.S. Steel and Nippon Sue Biden Over Decision to Block Deal
Posted inBiden, Joseph R Jr Cleveland-Cliffs Inc Committee on Foreign Investment in the United States (CFIUS) Foreign Investments Goncalves, Lourenco McCall, David Mergers, Acquisitions and Divestitures Nippon Steel Corporation Steel and Iron Suits and Litigation (Civil) United States Steel Corporation United Steelworkers of America

U.S. Steel and Nippon Sue Biden Over Decision to Block Deal

The companies argue in a lawsuit that the process of reviewing the transaction was corrupted by politics.
National Security Committee Forgoes Decision on U.S. Steel Acquisition
Posted inBiden, Joseph R Jr Committee on Foreign Investment in the United States (CFIUS) Mergers, Acquisitions and Divestitures Nippon Steel Corporation Steel and Iron United States Economy United States International Relations United States Steel Corporation United Steelworkers of America

National Security Committee Forgoes Decision on U.S. Steel Acquisition

The Committee on Foreign Investment in the United States kicked a decision over the merger with Japan’s Nippon Steel to President Biden, who is expected to block the deal.