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May 22, 2024 - 01:07
By asia.nikkei.com

U.S. Steel blasts 'misinformation' on Nippon Steel deal from rival Cliffs

DETROIT, Michigan -- U.S. Steel's board of directors on Tuesday released a letter to "correct the record" on what it called "misinformation" pushed by rival Cleveland-Cliffs about U.S. Steel's planned buyout by Nippon Steel.

The letter said that "unfortunately, we have found ourselves in the midst of a long-running misinformation campaign targeting our company, our investors, our employees and our business partners."