Thanks A. Rock. I appreciate your insider perspective and insights. Yes, Lourenco seems to have plans to invest in U.S. Steel - I mean, how couldn't he, given how badly this company has been run into the ground. But he's also been very opaque about how much he plans to invest, while Nippon was very transparent about the amount they want …
Thanks A. Rock. I appreciate your insider perspective and insights. Yes, Lourenco seems to have plans to invest in U.S. Steel - I mean, how couldn't he, given how badly this company has been run into the ground. But he's also been very opaque about how much he plans to invest, while Nippon was very transparent about the amount they want to put in. But all that is besides the point; their bid was only $8.3 billion (in cash and stock) compared to Nippon's $14.9 billion, and the CEO has been in cahoots with the Biden administration to kill it. I absolutely agree with you when you say that U.S. Steel is such a badly run company that the bar is really low for any owners to make a positive impact. But it's 100% clear which deal would be better news for U.S. Steel shareholders, workers, and customers etc., and it's definitely not CLF.
Thanks A. Rock. I appreciate your insider perspective and insights. Yes, Lourenco seems to have plans to invest in U.S. Steel - I mean, how couldn't he, given how badly this company has been run into the ground. But he's also been very opaque about how much he plans to invest, while Nippon was very transparent about the amount they want to put in. But all that is besides the point; their bid was only $8.3 billion (in cash and stock) compared to Nippon's $14.9 billion, and the CEO has been in cahoots with the Biden administration to kill it. I absolutely agree with you when you say that U.S. Steel is such a badly run company that the bar is really low for any owners to make a positive impact. But it's 100% clear which deal would be better news for U.S. Steel shareholders, workers, and customers etc., and it's definitely not CLF.