Cleveland-Cliffs demands U.S. Steel to reveal all buyout offers

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Cleveland-Cliffs demands U.S. Steel to reveal all buyout offers
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(Reuters) - Cleveland-Cliffs said on Tuesday U.S. Steel must immediately provide the company and the United Steelworkers (USW) with information about ...

STORY CONTINUES BELOW THESE SALTWIRE VIDEOS - Cleveland-Cliffs said on Tuesday U.S. Steel must immediately provide the company and the United Steelworkers with information about all the proposals it has received so far as a part of its strategic review.

Under the Right to Bid provision of the labor agreement with the workers union, U.S. Steel must"promptly" notify USW and Cleveland-Cliffs if they receive a proposal from any third party, Cliffs' chief executive Lourenco Goncalves wrote in a letter to U.S. Steel.

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