The bid by Japan's Nippon Steel to buy U.S. Steel may have a new lease on life after the Biden administration extended a ...
Pittsburgh’s relationship with decline is complicated. The city lost half its population after the steel industry collapsed ...
The companies, whose $55 a share cash deal to acquire U.S. Steel was first proposed Dec. 18, 2023, are working against a June ...
U.S. Steel (NYSE: X) has been in the news for months since Japan's Nippon Steel made a generous offer for the iconic American steelmaker. Nippon's $14.9 billion bid in late 2023 represented a nearly ...
Cleveland-Cliffs CEO Lourenco Goncalves said Monday his company is ready to make another offer for U.S. Steel if its ...
In blocking the sale to Nippon Steel, Biden said U.S. Steel "will remain a proud American company – one that’s American-owned ...
The new deadline was viewed by U.S. Steel as an opportunity for the companies to complete the acquisition, even though ...
The White House over the weekend extended the deadline for Nippon to permanently end its pursuit of U.S. Steel until June.
The steel companies allege White House decision to block takeover was political and violated their right to due process.
Nippon Steel and U.S. Steel filed a federal lawsuit challenging the Biden administration’s decision to block a proposed nearly $15 billion deal for Nippon to acquire Pittsburgh-based U.S.