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Biden Was Right to Block US Steel Takeover

Hosted on MSN · 3h

Yellen says CFIUS made thorough analysis of blocked US Steel-Nippon Steel merger

U.S. Treasury Secretary Janet Yellen said on Wednesday that Nippon Steel's planned acquisition of U.S. Steel received a "thorough analysis" by an interagency review body that was sent to President Joe Biden,

US Steel and Nippon sue Biden administration, Steelworkers union and Cleveland-Cliffs over their blocked merger

US Steel and Nippon, whose $14.3 billion merger was blocked by President Joe Biden last week, filed a lawsuit against the US government Monday, claiming Biden’s executive order to bar the companies from combining was signed for “purely political reasons.

ABC News on MSN · 2d

US Steel and Nippon Steel sue Biden administration over blocked merger

U.S. Steel and Japan-based Nippon Steel sued the Biden administration on Monday over a decision made last week to block a merger between the two companies. A proposed acquisition of the second-largest domestic steel producer by Nippon for nearly $15 billion would threaten U.S. national security, the Biden administration said.

Japan, U.S. Steel

NBC News · 17h

Japanese steelmaker vows not to give up on buying U.S. Steel

Nippon Steel said it wouldn't be deterred by Biden’s decision last week to block its $15 billion bid for the storied U.S. steelmaker.

Despite Nippon Steel, US and Japan say ties stronger than ever

The foreign ministers of Japan and the United States said their countries' ties were stronger than ever on Tuesday, even after Japan's prime minister called U.S. President Joe Biden's decision to block Nippon Steel's $14.

U.S. News & World Report · 1d

Blinken Visits Japan as Nippon Steel Decision Weighs on Relations

U.S. President Joe Biden's decision to block Nippon Steel's $14.9 billion bid for U.S. Steel casts a shadow over Secretary of State Antony Blinken's visit to Japan on Tuesday for farewell meetings with Washington's most important ally in Asia.

4h

US Steel spat strengthens case for deal guardrails

A 123-year-old steelmaker’s fate could yet become a restraint on modern-day executive power. United States Steel and suitor ...

7hon MSN

US Steel falls as Cliffs CEO hints that US Steel deal may not be best outcome

US Steel (NYSE:X) dropped 1.7% at least party as Cleveland-Cliffs (CLF) CEO Lourenco Goncalves appeared to be less interested ...

2don MSN

Biden killed US Steel deal even though some US officials rejected national security concerns

President Joe Biden decided to block the $14 billion takeover of US Steel by Japan’s Nippon Steel even though some top US ...

2h

U.S. Steel's thwarted merger, and a novel bid for recompense | Reuters

Harvard University has hired another law firm to help it navigate a U.S. House investigation into its response to claims of ...

1don MSN

US rejection of Nippon Steel’s bid for US Steel rankles Washington’s key ally in Asia

President Joe Biden's decision to reject a bid by Nippon Steel to acquire U.S. Steel isn't the first time friction over trade ...

17h

Indian Steel Titan’s Coal Deal Frozen Amid Mozambique Legal Row

India’s largest steelmaker has been sidelined by a legal dispute that’s derailed its deal to buy a coal concession in ...

23hon MSN

China exports push Nippon Steel to seek growth in US, India after blocked deal

Nippon Steel is poised to expand its operations in the U.S. and India as it hunts for growth and protection from cheap ...

1don MSN

Nippon Steel and US Steel rival denies bombshell lawsuit claims: 'We are armored through the teeth'

The CEO of Cleveland-Cliffs – a Nippon and U.S. Steel competitor – argues suing his company and the Biden administration is ...

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