Cleveland-cliffs receives exclusive assignment of right to bid from united steelworkers

Cleveland--(business wire)--cleveland-cliffs inc. (nyse: clf) (“cleveland-cliffs” or “cliffs”) today announced receipt of the assignment of the united steelworkers' (usw) right to bid under their basic labor agreement with united states steel corporation (nyse:x) (“u.s. steel”). with this exclusive assignment, cliffs is the only realistic buyer able to acquire the totality of u.s. steel. furthermore, cliffs has agreed to assume, upon closing of a transaction, all of the agreements between u.s.
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