Governor Shapiro Could Support New U.S. Steel Buyout Offer
(The Center Square) – A joint bid for U.S. Steel from two domestic rivals has the potential support of Gov. Josh Shapiro. In a statement to The Center Square on Monday, the governor’s office said Cleveland-Cliffs CEO Lourenco Goncalves has made “meaningful commitments to Pennsylvania” in conversations about a formal offer the Ohio-based company plans to make with Nocur, a steel manufacturer headquartered in North Carolina. “Before the governor would even consider endorsing any potential deal, Cleveland-Cliffs needs to make a formal bid to buy U.S. Steel and present specific details on what it will do to protect Pennsylvania jobs for the long term,” said Manuel Bonder, Shapiro’s spokesman.
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Show Notes
(The Center Square) – A joint bid for U.S. Steel from two domestic rivals has the potential support of Gov. Josh Shapiro. In a statement to The Center Square on Monday, the governor’s office said Cleveland-Cliffs CEO Lourenco Goncalves has made “meaningful commitments to Pennsylvania” in conversations about a formal offer the Ohio-based company plans to make with Nocur, a steel manufacturer headquartered in North Carolina. “Before the governor would even consider endorsing any potential deal, Cleveland-Cliffs needs to make a formal bid to buy U.S. Steel and present specific details on what it will do to protect Pennsylvania jobs for the long term,” said Manuel Bonder, Shapiro’s spokesman.
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Full story: https://www.thecentersquare.com/pennsylvania/article_fe266078-d202-11ef-a7f8-078f046b237e.html
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