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U.S. Steel and Nippon Steel sue union head over blocked $14.9B merger; Cleveland-Cliffs eyes new bid with Nucor.
U.S. Steel and Nippon Steel have sued the United Steelworkers union president and Cleveland-Cliffs, alleging they conspired to block their $14.9 billion merger.
Cleveland-Cliffs is now reportedly partnering with Nucor for a potential bid to acquire U.S. Steel, following the White House's block of the Nippon Steel deal over national security concerns.
Under the new deal, Cleveland-Cliffs would buy U.S. Steel for cash and sell its Big River Steel subsidiary to Nucor.
U.S. Steel's headquarters would remain in Pittsburgh.
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U.S. Steel y Nippon Steel demandan a la cabeza del sindicato por una fusión bloqueada de $14.9B; Cleveland-Clifs ve una nueva oferta con Nucor.