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US Senator Vance asks US Steel to rule out foreign buyer

US Senator Vance asks US Steel to rule out foreign buyer
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Steel union head calls ArcelorMittal bid for US Steel foolish

Steel union head calls ArcelorMittal bid for US Steel foolish
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Steel union head calls ArcelorMittal bid for US Steel foolish

Steel union head calls ArcelorMittal bid for US Steel foolish
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Union Leader: Cleveland-Cliffs Is the Best Strategic Buyer of U S Steel

Union Leader: Cleveland-Cliffs Is the Best Strategic Buyer of U S Steel
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Union leader: Cleveland-Cliffs is the best strategic buyer of U S Steel

The United Steelworkers (USW) international president said on Monday that the union supports North American steel producer Cleveland-Cliffs' bid to acquire rival, United States Steel Corp, adding that the company is the best strategic buyer. Cleveland-Cliffs said on Sunday that it offered to buy U.S. Steel in a cash-and-stock deal valued at $35 per share, which represented a premium of 43% to U.S. Steel's last closing price. Cliffs went public with its offer after U.S. Steel rejected the bid as being "unreasonable" and instead announced a formal review process, saying the company received multiple bids for parts or all of its business.

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