Tag #Us Steel

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U.S. Steel, Nippon Steel Sue Biden Administration Over Blocked Merger

U.S. Steel and Nippon Steel sued the Biden administration on Monday for blocking their $14 trillion merger, alleging that the decision was politically motivated to benefit the United Steelworkers union and that the administration used national security concerns as a pretext; shares of U.S. Steel and...

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US Rejection of Nippon Steel Bid Underscores Shifting Dynamics of Japanese Investment

The US rejection of Nippon Steel's $15 billion bid to acquire US Steel, due to national security concerns, highlights the complex dynamics of Japanese investment in the US, driven by challenges in China and a need for diversification despite political risks.

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Biden Blocks Nippon Steel's US Steel Acquisition

President Joe Biden blocked a $14.9 billion acquisition of US Steel by Japan's Nippon Steel on January 19th, 2024, citing national security concerns and the risk to American jobs, despite the planned $2.7 billion investment in US Steel factories and appeals from both companies.

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cnbc.com
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Biden Blocks Nippon Steel's U.S. Steel Takeover

President Joe Biden blocked Nippon Steel's $14.9 billion acquisition of U.S. Steel on Friday, citing national security concerns and opposition from the United Steelworkers union, causing a 7% stock drop and raising questions about protectionism and the future of American steel production.

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abcnews.go.com
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CFIUS Deadlocks on Nippon Steel-U.S. Steel Merger, Decision Rests with Biden

President Joe Biden will decide the fate of a proposed $14.9 billion deal for Nippon Steel to acquire U.S. Steel after a government panel deadlocked on national security concerns; Biden previously opposed the deal citing concerns over domestic ownership and operation.

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Biden to Decide Fate of U.S. Steel's $14.1 Billion Sale

President Biden will decide within 15 days whether to approve Nippon Steel's $14.1 billion acquisition of U.S. Steel after a federal panel failed to reach a consensus, despite Nippon Steel's pledges to maintain U.S. jobs and operations and counter China's steel dominance.

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us.cnn.com
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Biden Blocks Nippon Steel's US Steel Acquisition; Legal Action Considered

President Joe Biden blocked Nippon Steel's \$14.3 billion bid to acquire US Steel on national security grounds, prompting Nippon Steel to consider legal action, despite the United Steelworkers' support for the block.

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Biden Vetoes Nippon Steel's US Steel Acquisition

President Joe Biden vetoed Nippon Steel's $14.1 billion acquisition of US Steel, citing national security concerns and potential risks to US steel production, despite overwhelming shareholder approval and Nippon Steel's promises of investment and job security.

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dw.com
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Biden Blocks Nippon Steel's US Steel Buyout Over National Security Concerns

President Biden blocked Japan's Nippon Steel's $14.9 billion takeover bid of US Steel on Friday, citing national security concerns and risks to key supply chains, despite the deal's approval by US Steel and support from some within the White House.

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cnn.com
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Biden Blocks Nippon Steel's US Steel Acquisition

President Joe Biden blocked a $14.3 billion acquisition of US Steel by Japan's Nippon Steel on Friday, citing national security concerns, despite the deal's potential to provide US Steel with crucial investments; the move has sparked debate about the balance between national security and economic in...

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Biden to Decide Fate of Nippon Steel's U.S. Steel Bid

President Biden will decide within 15 days whether to block Nippon Steel's nearly $15 billion acquisition of U.S. Steel after a government panel failed to reach a consensus on national security concerns, despite arguments that the deal could help preserve American steel production.

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edition.cnn.com
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Biden to Decide Fate of Nippon Steel's US Steel Acquisition Amidst National Security Concerns

President Biden will decide the fate of Nippon Steel's proposed acquisition of US Steel after a government committee failed to reach a consensus on whether the deal poses a national security risk; the deal is also under antitrust review, and President-elect Trump has vowed to block it.

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