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.
Proposed acquisition of U.S. Steel by Nippon Steel - Wikipedia
On December 18, 2023, Japanese steelmaker Nippon Steel Corporation (NSC), the world's third largest steel producer, [1] entered a definitive agreement to purchase United States Steel Corporation (U.S. Steel) for $14.9 billion. [2]
Biden blocks Japan's Nippon Steel from acquiring U.S. Steel
Jan 3, 2025 · President Joe Biden said Friday that he has decided to block a $15 billion takeover of U.S. Steel by the Japanese company Nippon Steel, capping off a yearlong business saga that drifted into...
Biden blocks Japan’s Nippon from taking over US Steel
Jan 3, 2025 · President Joe Biden said Friday he is blocking a $14.3 billion acquisition of US Steel by Japan’s Nippon Steel, marking a significant use of executive authority in the closing days of his...
A new rival bid for US Steel is emerging as the US extends …
Jan 13, 2025 · HARRISBURG, Pa. (AP) — The bid by Japan’s Nippon Steel to buy U.S. Steel may have a new lease on life, even as the potential for a new bid for the storied Pittsburgh steelmaker began to emerge Monday. Lourenco Goncalves, the CEO of Ohio-based steelmaker Cleveland Cliffs, said in a news conference Monday that he wanted to make a new bid for ...
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...
U.S. Blowback to Steel Merger Vexes Japan - The New York Times
Sep 6, 2024 · The prospect that President Biden is ready to block a merger between Nippon Steel and U.S. Steel on national security grounds is stirring discontent in Tokyo, where some officials view the action...
Biden blocks U.S. Steel takeover by Japan's Nippon Steel, citing ...
Jan 3, 2025 · President Joe Biden has officially blocked the $14.9 billion takeover of U.S. Steel by Japan's Nippon Steel. Biden said the proposed deal would place one of the largest steel …
US Steel agrees to sell itself to Japan’s Nippon Steel - CNN
Dec 19, 2023 · A ladle of molten iron is poured into a Basic Oxygen Process (BOP) furnace at U. S. Steel's Granite City Works, where it will be transformed into liquid steel. US Steel has agreed to be...
US Steel shareholders approve takeover by Japan's Nippon Steel …
Apr 12, 2024 · U.S. Steel shareholders overwhelmingly approved the firm’s sale Friday, Apri 12, 2024, to Nippon Steel of Japan for $14.1 billion in cash, voicing unequivocal support for a combination that has drawn opposition from the Biden administration on economic and national security grounds.
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