Cleveland-Cliffs CEO Lourenco Goncalves criticized Nippon Steel's $14.1 billion offer for U.S. Steel, calling it unfavorable to unions. Executives suggested the deal is effectively 'dead' after President Biden's opposition. Goncalves slammed the deal as a 'fiasco' and stated that it will fail. Cleveland-Cliffs is counting on Biden to block the U.S. Steel purchase.
Nippon Steel fails to understand that it cannot proceed with its acquisition of U.S. Steel without the support of unionized workers, Cleveland-Cliffs' CEO said during his company's quarterly earnings call Tuesday. https://t.co/a0ZXPpYSYF
The head of American steelmaker Cleveland-Cliffs leveled pointed criticisms against Nippon Steel's buyout of U.S. Steel, describing the pending deal as a "fiasco" of epic proportions. https://t.co/zdaSl35R9g
Cleveland-Cliffs $CLF Counting on Biden to Block U.S. Steel Purchase -WSJ- #UOA activity in this name. Watch on Rebel's Edge 🏴☠️ 1pm with @jonnajarian @petenajarian 'someone always knows" https://t.co/uH7YYVO4WY
Cleveland-Cliffs Inc. executives said Tuesday that U.S. Steel is "denying reality" as it continues to pursue its $14.9 billion sale to Japan's Nippon Steel, suggesting that the deal is effectively "dead" following President Joe Biden's opposition to it. https://t.co/XTwGy1DGQ5
U.S. Steel rival Cliffs slams Nippon Steel deal as historic 'fiasco' https://t.co/Jgxhak0T7s
CLEVELAND CLIFFS CEO LOURENCO GONCALVES ON US STEEL- NIPPON DEAL SAYS THE DEAL WILL FAIL - CNBC INTERVIEW
Goncalves $CLF is so angry about missing out on $X US Steel deal so far. He spent his earnings call criticizing Nippon's $14.1bn offer as being unfavorable to unions. This is even though Nippon offered pretty compelling terms to unions... We moved on from U.S. Steel after 2…