A new rival bid for US Steel is emerging as the ... - Associated Press News
Jan 13, 2025 · Nippon Steel — the world’s fourth-largest steelmaker — says its ability to invest in U.S. Steel’s aging blast furnace plants in Pennsylvania and Indiana will boost the ability of the U.S. to compete in an industry dominated by China.
Biden blocks $14 billion acquisition of US Steel by Japan's Nippon ...
Jan 3, 2025 · WASHINGTON (AP) — President Joe Biden has blocked the nearly $15 billion proposed deal for Nippon Steel of Japan to purchase Pittsburgh-based U.S. Steel — affirming his earlier vow on the presidential campaign trail to prevent the acquisition of Steeltown USA’s most storied steel company.
US Steel’s shareholders just voted to end more than a century of ...
Apr 12, 2024 · US Steel shareholders Friday overwhelmingly approved a deal for the iconic American manufacturer to be purchased by Japan’s Nippon Steel. But the outlook for the controversial merger has...
American Competitor Signals Possible New Bid for U.S. Steel
Jan 13, 2025 · A U.S. Steel plant in Braddock, Pa. The fresh bid by Cleveland-Cliffs comes less than two weeks after President Biden blocked a $14 billion takeover of U.S. Steel by Nippon Steel.
Biden blocks Japan's Nippon Steel from acquiring U.S. Steel - NBC News
Jan 3, 2025 · In a joint statement, U.S. Steel and Nippon Steel condemned Biden's decision, saying it "reflects a clear violation of due process and the law." The companies also hinted at taking legal action.
Why Nippon Steel’s $15 Billion Takeover of U.S. Steel Is in Peril
Aug 26, 2024 · When U.S. Steel put itself up for sale in 2023, executives at Nippon Steel in Tokyo saw an opportunity: Buying the American steel maker could help it offset anemic demand in its home country and...
Biden Blocks Takeover Bid of U.S. Steel by Japan’s Nippon
Jan 3, 2025 · President Biden blocked the $14 billion takeover of U.S. Steel by Nippon Steel of Japan in an announcement on Friday based on grounds that the sale posed a threat to national security.
Biden will decide on U.S. Steel-Nippon Steel deal after ... - CBS News
Dec 24, 2024 · A powerful government panel on Monday failed to reach consensus on the possible national security risks of a nearly $15 billion proposed deal for Nippon Steel of Japan to purchase U.S. Steel,...
Biden blocks $14 billion acquisition of US Steel by Japan's Nippon ...
Jan 3, 2025 · President Joe Biden has blocked the nearly $15 billion proposed deal for Nippon Steel of Japan to purchase Pittsburgh-based U.S. Steel. This affirms his earlier vow to block the acquisition. In a ...
Nippon Steel Corporation and U. S. Steel Condemn U.S.
Jan 3, 2025 · We are dismayed by President Biden’s decision to block Nippon Steel’s acquisition of U. S. Steel, which reflects a clear violation of due process and the law governing CFIUS. Instead of abiding by the law, the process was manipulated to …
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