掀开奶罩边躁狠狠躁苏玥视频,无码专区3d动漫精品,去阳台跪着把屁股抬起来,精品国产丝袜黑色高跟鞋


Cliffs, US Steel trade comments on merger proposal

  • Thursday, May 23, 2024
  • Source:ferro-alloys.com

  • Keywords:Ferroalloy, Vanadium, Molybdenum, Tungsten, Manganese Ore, Chrome Ore,Iron Ore
[Fellow]Cliffs, US Steel trade comments on merger proposal

[Ferro-Alloys.com] A May 21, statement from steelmaker Cleveland-Cliffs and its CEO referring to the proposed sale of Pittsburgh-based United States Steel Corp. as “doomed” has provoked a response from U.S. Steel.

This Tuesday, Cleveland-based U.S. Steel rival Cliffs issued a statement referring to the Pittsburgh firm’s “doomed attempt to sell its company to a foreign buyer without union support.” Last December, U.S. Steel announced Japan-based Nippon Steel Corp. as the company whose acquisition bid had been accepted.

“It is unfortunate that the U.S. Steel board of directors is just now realizing that it announced an un-closeable deal and is trying to blame Cliffs for its terrible decision making,” Lourenco Goncalves, board chair, president and CEO of Cleveland-Cliffs says as part of that firm’s statement.

“From our first offer to acquire U.S. Steel to our final (now expired) offer on Dec. 15, 2023, we stressed the necessity of keeping U.S. Steel American-owned and having the full support of the union,” adds Goncalves, referring to support Cliffs received from the United Steelworkers (USW).

In the multi-paragraph statement, Goncalves also refers to opposition to the Nippon Steel acquisition by current U.S. President Joe Biden. (His likely November opponent Republican nominee Donald Trump also has voiced opposition to the deal.)

This Tuesday, the U.S. Steel board released its own multi-paragraph statement labeling the Cliffs statement as being part of a “a long-running misinformation campaign.”

“While Cleveland-Cliffs is pushing false rumors to influence the market into believing we are working to unwind the transaction, nothing could be further from the truth,” the U.S. Steel board writes in part.

“We are pleased to have received the overwhelming support of our stockholders as well as approval by the vast majority of the needed foreign regulators,” states U.S. Steel. “However, we also know we have more to do to get to the finish line and see these benefits come to fruition.”

While U.S. Steel says completing the transaction will “protect and grow U. S. Steel for generations to come, bolster competition and innovation in the American steel industry for the benefit of American consumers and enhance U.S. national security,” Goncalves and Cleveland-Cliffs say the opposition—particularly from the USW—can win out.

“With a USW-represented facility, you are not entitled to sell to whomever you please,” states Goncalves. “We knew this, and you apparently did not. We tried to explain to you, but you did not listen to us. The board of directors of U.S. Steel failed its stockholders in this ‘strategic review process’ and is attempting to blame Cliffs for its own self-inflicted disaster. My opinion remains the same: You cannot and will not close your announced deal with Nippon Steel.”

The two sparring companies, between them, operate every blast furnace/basic oxygen furnace steel mill in the U.S. Cliffs also owns the Ferrous Processing & Trading network of scrap yards while U.S. Steel owns the recycled-content Big River Steel electric arc furnace complex in Arkansas.

  • [Editor:tianyawei]

Tell Us What You Think

please login!   login   register
Please be logged in to comment!
主站蜘蛛池模板: 海晏县| 休宁县| 兰州市| 忻州市| 昂仁县| 营口市| 昌图县| 镇平县| 志丹县| 巴里| 应用必备| 中西区| 繁峙县| 天门市| 利津县| 平远县| 岳普湖县| 山丹县| 清水河县| 凤翔县| 建平县| 张掖市| 得荣县| 蒲江县| 安达市| 怀宁县| 吐鲁番市| 年辖:市辖区| 加查县| 永城市| 弥渡县| 汉寿县| 沂源县| 天全县| 芮城县| 乐平市| 柳林县| 云梦县| 星子县| 兖州市| 和田县|