Biden Blocks Takeover Bid of U.S. Steel by Japan’s Nippon
The president said he was moving to protect national security in deciding the fate of the iconic Pennsylvania-based company, which became a contentious political issue in an election year.
Blocking the U.S. Steel Sale Is a Perfectly Disgraceful End to Biden's Political Career
The decision to block U.S. Steel's acquisition by Nippon Steel is the perfect coda to President Joe Biden's political career. By intervening in the
Biden rejects Nippon Steel’s proposed deal to acquire US Steel
President Joe Biden has rejected the nearly $15 billion proposed deal for Nippon Steel of Japan to purchase Pittsburgh-based U.S. Steel.
Steel companies ‘dismayed’ by Biden’s decision to block deal, calling it ‘political’
Biden said in an order that he believes there is credible evidence that through the proposed acquisition of the United States Steel Corporation, Nippon Steel Corporation might take action that could impair the national security of the United States.
Biden Halts Nippon Steel's Bid: A Blow to U.S. Steel Merger
President Joe Biden blocked Nippon Steel's $14.9 billion purchase of U.S. Steel, citing national security concerns. The decision follows a year-long review by CFIUS. The block may dissuade foreign investment in politically sensitive U.
Biden rejects U.S. Steel-Nippon Steel deal
A government panel failed to reach consensus on national security risks of a proposal for Nippon Steel to purchase U.S. Steel, leaving the decision to the president.
US blocks Nippon Steel's bid to purchase U.S. Steel
U.S. President Joe Biden on Friday followed through on his pledge to block Nippon Steel's $14.9 billion bid for U.S. Steel, citing concerns the deal could hurt national security. It also represents the final chapter in a high profile national security review,
Biden blocks $14.1B sale of US Steel to Japanese buyer, citing national security concerns
The Committee on Foreign Investment in the United States (CFIUS) spent months reviewing the deal for national security risks but referred the decision to Biden in December, after failing to reach
What’s Next for US Steel After Biden Blocks Japanese Takeover
President Joe Biden blocked Nippon Steel Corp.’s $14.1 billion deal to buy United States Steel Corp., ending a saga that sparked a political firestorm amid a grueling presidential election and tensions between long-time diplomatic allies Japan and the US.
U.S. Steel, Nippon Steel say they're not done fighting for deal
United States Steel Corp. and Nippon Steel on Friday struck back at what they called President Biden's "unlawful decision" to ...
Biden to announce decision on U.S. Steel acquisition as early as Friday
President Biden is soon expected to announce whether Nippon Steel's proposed acquisition of U.S. Steel will be allowed to ...
Rise of US Steel paralleled the arrival of the United States on the world stage
President Joe Biden blocked the $15 billion acquisition of U.S. Steel by Japan’s Nippon Steel on Friday — something he had ...
Blocked U.S. Steel-Nippon deal raises risks for auto industry
Automakers' lobbying groups indicated support for the acquisition under the belief it would've increased supply and offered ...
CFIUS Review of Acquisitions and Investments
To protect national security, the Committee on Foreign Investment in the United States (CFIUS) may review transactions involving foreign investment in US businesses. Parties to potentially covered ...
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Gary’s Eddie Melton one of 20 mayors to sign letter of support for U.S. Steel acquisition
Earlier this month, the Japanese steelmaker said it would invest $1 billion in U.S. Steel’s Gary Works if the acquisition ...