"I have a plan, I have an all-American solution in place. The all-American solution centers on people, on workers," said Cleveland-Cliffs CEO Lourenco Goncalves.
Cleveland-Cliffs Inc.’s pugnacious chief executive kept silent through Nippon Steel Corp.’s failed efforts to close a $14.1 billion takeover of United States Steel Corp. over recent weeks. But he returned to form Monday with a bombastic press conference,
Lourenco Goncalves’ remarks over Nippon Steel’s takeover bid for U.S. Steel and description of Japan as being 'evil' stunned many in Tokyo.
Cleveland-Cliffs CEO Lourenco Goncalves criticized the deadline extension keeping Nippon Steel's bid to acquire U.S. Steel alive months longer than originally intended.
"I already initiated my investigation on how to import dogs from Japan," Cleveland-Cliffs CEO Goncalves said. "I'll go after him personally and I'll take his last penny, his house, his car and his dog.
In the wake of President Joe Biden blocking Nippon Steel's bid to buy U.S. Steel, Cleveland-Cliffs has renewed its offer to become the new owner of the once-mighty steel giant.
Lourenco Goncalves, CEO of Cleveland-Cliffs, called Japan, the home of rival steelmaker Nippon Steel, ”evil” in a press conference on Monday, as the U.S. company prepares a new bid for U.S. Steel.
The CEO of American-owned and operated Cleveland Cliffs says he’s putting in a bid to buy U.S. Steel. He says it’s not a matter of if, but rather when.
Media outlet CNBC says US steelmaker Cleveland-Cliffs is teaming up with local rival Nucor for the deal. It cites sources saying Cleveland-Cliffs aims to acquire US Steel and then sell its electric-furnace subsidiary to Nucor.
Cleveland-Cliffs CEO Lourenco Goncalves’ nearly two-hour news conference Monday afternoon was called to mark five years since he acquired Butler Works and the rest of AK Steel, taking what was a sprawling steelmaking plant on the brink of closure and giving it life well into the future.
Cleveland-Cliffs CEO Lourenco Goncalves said Monday his company is ready to make another offer for U.S. Steel if its attempted merger with Japan’s Nippon Steel fails for good. “We have an all-American solution,
Cleveland-Cliffs CEO Lourenco Goncalves said Monday he had a plan to buy U.S. Steel as he launched a tirade against Japan, calling the close U.S. ally “evil.”