Biden rejects Nippon Steel’s proposed deal to acquire US Steel
President Biden blocked the nearly $15 billion proposed deal for Nippon Steel of Japan to purchase Pittsburgh-based US Steel, affirming his vow in March to block the acquisition.
President Biden rejects Nippon Steel's proposed deal to acquire US Steel
Biden previously came out against the deal last March — and was backed by the United Steelworkers, concerned over whether the company would honor existing labor agreements or slash jobs as well as the firm’s financial transparency.
Biden's Decision to Block Nippon Steel Takeover Creates Uncertainty for U.S. Steel Workers
By blocking a Japanese company’s takeover of U.S. Steel, President Joe Biden says he is protecting good jobs in the American heartland
Biden rejected appeals of several top advisers in blocking U.S. Steel bid
Senior administration officials had reservations about calling Nippon Steel’s takeover proposal a “national security risk.”
Biden kills U.S. Steel deal; what Trump said and what it means for Pennsylvania
U.S. Steel employs thousands across its plants and offices in Pennsylvania and the state has about 10% of the nation’s steelworkers.
Biden blocks US Steel sale to Japanese competitor
President Joe Biden bowed to growing protectionist pressures in the United States and formally blocked a Japanese company’s proposed purchase of U.S. Steel, winning praise from the president’s labor allies and scorn from proponents of an open U.
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