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Monday, March 25, 2024

Cliffs, US Discussed a Clear Path Past Antitrust on US Steel

 

Cleveland-Cliffs Inc. Chief Executive Officer Lourenco Goncalves said he talked to the US government about ways to avoid antitrust issues when preparing a bid to buy United States Steel Corp.

“I discussed with the US government prior to making the offer, to make sure that I had a path to clear antitrust,” Goncalves said Monday in an interview on Bloomberg Television. “US Steel decided not to listen and go with Nippon Steel.”

https://www.bloomberg.com/news/articles/2024-03-25/cliffs-us-discussed-a-clear-path-past-antitrust-on-us-steel

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