Jan 13, 2025 · U.S. Steel shares jumped Monday on a report that Cleveland-Cliffs is teaming up with rival Nucor for a potential bid for the company. The news comes after Nippon Steel's $14.1 billion takeover of ...

Jan 14, 2025 · 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 Monday.

Jan 14, 2025 · (Bloomberg) -- Cleveland-Cliffs Inc. is partnering with Nucor Corp. to weigh a potential joint bid for United States Steel Corp., according to a person familiar with the matter.

Jan 14, 2025 · Cleveland Cliffs and Nucor Eye U.S. Steel in Wake of Nippon Steel’s Blocked Acquisition. In a surprising turn of events, Cleveland-Cliffs, a major steel producer in the United States, is collaborating with Nucor, its competitor, to launch a potential bid for U.S. Steel, following the recent blocking of Nippon Steel’s $14 billion acquisition ...

Jan 13, 2025 · Domestic steelmakers Cleveland-Cliffs and Nucor are considering a bid for less than $40 a share for U.S. Steel as the Pittsburgh icon continues to fight the government over its proposed deal with...

Cleveland-Cliffs and Nucor are set to launch a joint bid to acquire US Steel just weeks after US President Joe Biden blocked the $15bn takeover of the Pennsylvania-based group by Japan’s Nippon...

Jan 14, 2025 · Cleveland-Cliffs CEO Lourenco Goncalves has been transparent about his goal of acquiring all or part of U.S. Steel, ... Bloomberg credits CNBC for first reporting the joint Cliffs-Nucor bid, with CNBC stating the two companies are considering an offer to U.S. Steel shareholders of more than $35 per share. Even at $39 per share, the offer would ...

Jan 13, 2025 · U.S. steel companies Cleveland-Cliffs and Nucor are preparing a joint proposal to potentially acquire U.S. Steel after the White House blocked a takeover by Japan's Nippon Steel, CNBC reported Monday.

Dec 5, 2024 · Despite global oversupply concerns and limited pricing, Goldman Sachs has found prospects in the U.S. steel sector under Cleveland-Cliffs (NYSE:CLF) and Nucor (NYSE:NUE).

Jan 13, 2025 · Cleveland-Cliffs shares were up 3.4%, while Nucor was up 3.9%. CNBC said the new offer for U.S. Steel would in the "high $30s a share," versus the $55 a share Nippon Steel was to pay. The intrigue: U.S. Steel and Nippon Steel jointly sued Cleveland-Cliffs and United Steelworkers leader David McCall earlier this month, alleging they illegally ...