Governor Shapiro Challenged to Back U.S. Steel Lawsuit or Lose to Ohio
(The Center Square) – Gov. Josh Shapiro faces a new challenge after the White House blocked U.S. Steel’s overseas acquisition. Join the lawsuit the company filed alongside its would-be Japanese-owned buyer, Nippon Steel, and make sure Pennsylvania doesn’t lose more jobs to “friggin’ Ohio.” Senate President Pro Tempore Kim Ward threw down the gauntlet Monday during the Marty Griffin show on KDKA radio, referencing the governor’s infamous quote during his budget address in February 2024: build an economy that puts the Buckeye State’s to shame. According to Ward, this could happen because the collapse of the deal on Friday leaves the backdoor open for domestic buyers – namely Ohio-based Cleveland-Cliffs, which offered to acquire U.S. Steel in July 2023 for less than half of the $14.9 billion Nippon bid.
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Show Notes
(The Center Square) – Gov. Josh Shapiro faces a new challenge after the White House blocked U.S. Steel’s overseas acquisition. Join the lawsuit the company filed alongside its would-be Japanese-owned buyer, Nippon Steel, and make sure Pennsylvania doesn’t lose more jobs to “friggin’ Ohio.” Senate President Pro Tempore Kim Ward threw down the gauntlet Monday during the Marty Griffin show on KDKA radio, referencing the governor’s infamous quote during his budget address in February 2024: build an economy that puts the Buckeye State’s to shame. According to Ward, this could happen because the collapse of the deal on Friday leaves the backdoor open for domestic buyers – namely Ohio-based Cleveland-Cliffs, which offered to acquire U.S. Steel in July 2023 for less than half of the $14.9 billion Nippon bid.
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Full story: https://www.thecentersquare.com/pennsylvania/article_fa13003e-cdd1-11ef-8844-2b5716563c9a.html
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