Biden administration gives Japanese steelmaker more time to make case for controversial deal [Yahoo! Finance]
Cleveland-Cliffs Inc. (CLF)
Last cleveland-cliffs inc. earnings: 2/20 07:00 am
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Source: Yahoo! Finance
The surprise development allows the steelmakers to reset the clock, potentially keeping the controversial deal alive. However, there is still significant political pushback. President Joe Biden, Republican presidential nominee Donald Trump and Democratic nominee Vice President Kamala Harris have all voiced opposition to the deal. The Committee on Foreign Investment in the United States (CFIUS), a team of Cabinet-level appointees that reviews all deals of a certain size involving US entities, has been studying the takeover of Pittsburgh-based US Steel for several months on the grounds of national security. With the White House signaling it would block the deal, and CFIUS officials wanting to operate outside the pressure of political calendars, an extension of the timeline seemed the best outcome, according to two separate sources. A spokesperson for the Tokyo-based company declined to comment. A spokesperson for the Pittsburgh-based US Steel did not respond to a request for comm
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News
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- Cleveland-Cliffs Inc. (NYSE: CLF) had its price target lowered by analysts at Morgan Stanley from $15.00 to $13.50. They now have an "equal weight" rating on the stock.MarketBeat
- Cleveland-Cliffs Inc. (NYSE: CLF) had its "equal weight" rating re-affirmed by analysts at Morgan Stanley. They now have a $15.00 price target on the stock.MarketBeat
CLF
Earnings
- 7/22/24 - Beat
CLF
Sec Filings
- 9/20/24 - Form SD
- 9/13/24 - Form 8-K
- 8/16/24 - Form 8-K
- CLF's page on the SEC website