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Cleveland-Cliffs CEO Lourenco Goncalves said Monday he had a plan to buy U.S. Steel as he launched a tirade against Japan, calling the close U.S. ally “evil” during a news conference. “I ...
Cleveland-Cliffs, which tried and failed to acquire U.S. Steel in 2023, now sees a new opening to take over the century-old company. In a Monday press conference , Goncalves said he was prepared ...
Cleveland-Cliffs (NYSE: CLF) Q3 2024 Earnings Call ... Today's conference call is also available and being broadcast at cleveland-cliffs.com. ... We will report more news with respect to the joint ...
The news of import tariffs would make U.S. Steel more expensive but also gives Cleveland-Cliffs more flexibility to raise cash through an equity offering or to make a stock-based deal to acquire U ...
The nation’s automakers objected, too, writing to the White House to say a Cleveland Cliffs-US Steel deal would place 65% to 90% of steel used in vehicles under the control of a single company.
Cleveland-Cliffs made an early offer of $7.8 billion, proposing to pay $17.50 in cash plus shares valued at $35 each. The United Steelworkers (USW) union, which maintains a collective bargaining agreement with the company, endorsed Cliffs' offer as the "best strategic partner", as phrased by USW president David McCall. [29]
(The Center Square) – An Ohio-based company won’t give up on its quest to merge with U.S. Steel. According to multiple media outlets, Cleveland-Cliffs wants to buy the iconic company with the ...
Cleveland-Cliffs manages and operates four iron ore mines in Minnesota and two mines in Michigan, one of which, the Empire Mine, has been indefinitely idled. [3] These mines produce various grades of iron ore pellets, including standard and fluxed, for use in blast furnaces as part of the steelmaking process as well as Direct Reduced (DR) grade pellets for use in direct reduced iron (DRI ...