29
Sep
20:18
Cleveland-Cliffs, US Steel resurrect takeover talks, ink NDA
US Steel says it will allow Cleveland-Cliffs to participate in its sale process after the two companies landed on nondisclosure agreement (NDA) terms that will enable renewed negotiations.
The two companies agreed to a two-month stand-still, down from a six-month stand-still initially, Kallanish understands. Agreeing to the terms also gives Cliffs visibility into the bidding process for its Pittsburgh, Pennsylvania-based competitor.
Earlier in the year, US S…
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Anonymous
Very good overview of the weekly steel market.
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