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24 Aug
20:31

Cleveland-Cliffs demands that US Steel reveal takeover offers

Cleveland-Cliffs is demanding that US Steel reveal any and all buyout proposals that the company has received thus far, Kallanish learns. The Cleveland, Ohio-based suitor cites the right-to-bid provision included in the United Steelworkers' (USW) labour agreements with the Pittsburgh, Pennsylvania-based target. Lourenco Goncalves, Cleveland-Cliffs' ceo and president, argues that US Steel is violating its employees' basic labour agreements by refu…
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