CRAINSCLEVELAND.COM I APRIL 8, 2024
What’s next in Cleveland-Cliffs, U.S. Steel saga Goncalves wants it known that his initial bid for USS was not his last or highest offer highlight Brown’s opposition to the combination of USS and With Cleveland-Cliffs again in Nippon (which followed similar the hunt for U.S. Steel (USS), opposition recently from PresiCliffs CEO Lourenco Goncalves dent Joe Biden). Goncalves says his bid for wants it known that his initial bid USS has been seen too for USS was not his last exclusively through — or highest — offer. his initial offer, which In fact, he contends was about $7.3 billion. it’s the best offer USS Cliffs later increased got — though it’s now its bid to very close to off the table. what Nippon was ofGoncalves contends fering in cash, he said. that USS shareholders Had USS taken that are taking a smaller deal, Goncalves reapayout than he put on sons, the subsequent the table if they’re al- Goncalves increase in the value lowed to go through with a $14 billion sale to Nip- of Cliffs’ shares — which would pon in a deal that’s facing in- have helped pay for the acquisition — would have netted creasingly political headwinds. “They took a lower offer,” USS more than Nippon’s $14 Goncalves told Crain’s, just be- billion. fore he was set to appear with U.S. Sen. Sherrod Brown to See CLIFFS on Page 18
By Dan Shingler
‘A reimagination of natural history’ Museum CEO gives a behind-the-scenes look at a $150 million transformation project When talking about the Cleveland Museum of Natural History’s $150 million transformation project, President and CEO Sonia Winner doesn’t like to use the word “renovation.” “It’s not a renovation,” she said. “It’s a re-imagination of natural history.” Three years after breaking ground, the reimagined museum is projected to open in December, two years ahead of the original project design,
Winner said. The CMNH has raised 95% of its goal ($142.5 million), and the project is slightly under budget, she said. The revamped Visitor Hall, which contains many of the CMNH’s most known attractions, including a reconstruction of “Lucy,” the 3.2 million-year-old human ancestor discovered by CMNH scientists, opened late last year and is free.
PHOTOS BY JASON MILLER/PIXELATE
By Paige Bennett
See MUSEUM on Page 17
VOL. 45, NO. 14 l COPYRIGHT 2024 CRAIN COMMUNICATIONS INC. l ALL RIGHTS RESERVED
OVER Each year, our 8 Over 80 honorees show how there are no limits to what you can accomplish and the gifts you can bring to your community. Whether it’s a role in manufacturing, with nonprofits or the region’s pro sports teams, their contributions to Northeast Ohio are inspiring to future generations. PAGE 8
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