Cleveland-Cliffs Eyes All-Cash Purchase of U.S. Steel - Inc.com

1 day ago · Cleveland-Cliffs is partnering with peer Nucor to prepare a potential all-cash bid for U.S. Steel, with an offer in the high $30s per share, a person familiar with the matter said on …

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Cleveland-Cliffs Eyes All-Cash Purchase Of U.S. Steel - Inc.com

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1 day ago · Cleveland-Cliffs is partnering with peer Nucor to prepare a potential all-cash bid for U.S. Steel, with an offer in the high $30s per share, a person familiar with the matter said on …

inc.com

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Cleveland-Cliffs Eyeing All-cash Bid For U.S. Steel, Source Says - MSN

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By Anirban Sen, Alexandra Alper and David Shepardson (Reuters) - Cleveland-Cliffs is partnering with peer Nucor to prepare a potential all-cash bid for U.S. Steel, with an offer in the high $30s ...

msn.com

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Cleveland-Cliffs CEO Renews Efforts To Purchase U.S. Steel - "I Have …

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2 days ago · 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.

cbsnews.com

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Cleveland-Cliffs Signals A Possible New Bid For U.S. Steel

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2 days ago · The renewed expression of interest from Cleveland-Cliffs comes less than two weeks after Mr. Biden blocked a $14 billion takeover of U.S. Steel by Nippon Steel, arguing that the …

nytimes.com

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Cliffs Stuck On Sidelines With US Steel Trading In $30s - Semafor

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Jan 7, 2025 · Cleveland-Cliffs (CLF) still wants to purchase all or parts of US Steel (NYSE:X) after President Joe Biden blocked its $14 billion sale to Nippon Steel (OTCPK:NPSCY) last week, …

seekingalpha.com

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Cleveland Cliffs Offers To Buy Unionized Mills US Steel Is …

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Sep 6, 2024 · Cleveland Cliffs made an unsolicited $8.3 billion cash and stock offer for US Steel last year that was supported by the union, but it was rejected by the company. The nation’s …

cnn.com

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US Steel Jumps On Report Cleveland-Cliffs, Nucor Partnering For ...

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2 days ago · US Steel (NYSE:X) jumped 8% amid a report that Cleveland-Cliffs is partnering with Nucor Corp. for a potential bid for the steelmaker in the high $30s a share in cash. Cliffs ticked …

seekingalpha.com

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Cleveland-Cliffs (CLF) Remains Interested In Acquiring U.S. Steel

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Jan 7, 2025 · Notably, Cliffs had offered $54 per share in a cash and stock bid before U.S. Steel agreed to Nippon’s $55 per share all-cash offer.Meanwhile, U.S. Steel CEO David Burritt …

nasdaq.com

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UPDATE 1-Cleveland-Cliffs Argued Its US Steel Bid Was Worth More …

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Jan 24 (Reuters) - Cleveland-Cliffs Inc sought to convince U.S. Steel Corp last month that its cash-and-stock acquisition offer was worth $1.4 billion more than an all-cash winning bid from …

yahoo.com

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Cleveland-Cliffs CEO Reiterates He Wants To Buy US Steel - Reports

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2 days ago · Cliffs would purchase all of US Steel and would sell Big River Steel to Nucor in a deal valued in the high $30s a share in cash. Goncalves didn't comment on the CNBC report.

seekingalpha.com

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Cleveland-Cliffs CEO Responds To U.S. Steel Lawsuit, Says Failed ...

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Jan 6, 2025 · Cleveland-Cliffs offered to buy U.S. Steel in 2023 for $7 billion, but the offer was rejected in favor of a competing $15 billion all-cash offer from Nippon Steel. Biden blocked the …

cleveland.com

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Possible Takeover Bid For US Steel Reported | The Arkansas …

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1 day ago · The Cleveland Cliffs plant in Conshohocken, Pa., is shown on Monday, Aug. 14, 2023. U.S. Steel said that it rejected a $7.3 billion buyout proposal from rival Cleveland Cliffs …

arkansasonline.com

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Cleveland-Cliffs Still Interested In Buying All, Parts Of US Steel ...

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With US Steel (NYSE:X) shares trading at ~$33 a share, the company is too pricey for Cleveland Cliffs to make an offer with a standard deal premium, according to the report. An ideal …

msn.com

FAQs about Cleveland-Cliffs Eyes All-Cash Purchase of U.S. Steel - Inc.com Coupon?

Will Cleveland-Cliffs buy Big River steel?

Cliffs ticked higher by 0.8%, while Nucor (NUE) gained 2.4%. Cleveland-Cliffs (CLF) would purchase all of US Steel (NYSE: X) and would sell Big River Steel to Nucor (NUE), according to a report from CNBC's David Faber on Monday, who cited people familiar with the matter. ...

Will Cleveland-Cliffs buy Nippon Steel?

(Quinn Glabicki for The Washington Post) Steelmaker Cleveland-Cliffs on Monday indicated interest in acquiring U.S. Steel, less than two weeks after President Joe Biden blocked Japan-based Nippon Steel’s bid to buy the embattled American company, citing national security concerns. ...

Is Cleveland-Cliffs a private offer?

CLEVELAND-- (BUSINESS WIRE)-- Cleveland-Cliffs Inc. (NYSE: CLF) (“Cleveland-Cliffs” or “Cliffs”) is publicly announcing a previously private offer that it had presented to the Board of the United States Steel Corporation (NYSE:X) (“U.S. Steel”) on July 28, 2023. ...

Did Nippon Steel beat Cleveland-Cliffs?

Nippon Steel won the bid for U.S. Steel with a $14.1 billion offer, announced on Dec. 18. The deal price of $55 per share was a 142% premium to Aug. 11, the last trading day before Cleveland-Cliffs made a $35-per-share bid for U.S. Steel. ...

Will Cleveland-Cliffs buy Nippon Steel after Biden delays sale?

Goncalves didn't comment on the CNBC report. The Biden administration delayed its order for Nippon Steel (OTCPK:NPSCY) to drop its $14.9B takeover deal of US Steel (X) until mid-June, the companies said in a joint statement late Saturday. Cleveland-Cliffs CEO reiterates interest in buying US Steel after Biden delays Nippon Steel sale. ...

Did Cleveland-Cliffs block Nippon Steel merger?

CLEVELAND, Ohio -- The CEO of Cleveland-Cliffs weighed in Monday on Nippon Steel’s failed acquisition of U.S. Steel, and a newly filed lawsuit that accuses the Cleveland company of working to block the merger. ...