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Biden to block Nippon Steel’s bid to take over US Steel
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.
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.
With Nippon Deal Blocked, What's Next for US Steel?
Key Takeaways President Joe Biden on Friday blocked the proposed $14 billion acquisition of U.S. Steel by Japan's Nippon Steel.The companies in a joint statement vowed to "take all appropriate action to protect [their] legal rights.
1h
on MSN
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 ...
5h
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 ...
27m
on MSN
Proposed U.S. Steel deal gets shut down by President Biden
Biden’s decision comes after the Committee on Foreign Investment in the United States, known as CFIUS, failed to reach a ...
6h
The Fallout From the End of the U.S. Steel Deal
Nippon Steel’s $14 billion takeover bid for the steelmaker appears doomed, with President Biden expected to reject it.
2d
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 ...
Indiana Lawyer
4d
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 ...
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Nippon Steel
Biden
United States
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