Tag #Us Steel

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aljazeera.com

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May 24, 07:10

Trump Approves Nippon Steel's $14.9 Billion US Steel Bid

President Trump approved Nippon Steel's $14.9 billion bid for US Steel, reversing the Biden administration's decision, claiming it will create at least 70,000 jobs and add $14 billion to the US economy; the deal was previously blocked due to national security concerns.

Trump Approves Nippon Steel's $14.9 Billion US Steel Bid

President Trump approved Nippon Steel's $14.9 billion bid for US Steel, reversing the Biden administration's decision, claiming it will create at least 70,000 jobs and add $14 billion to the US economy; the deal was previously blocked due to national security concerns.

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What are the immediate economic consequences of President Trump's approval of the Nippon Steel-US Steel deal?

President Trump's endorsement of Nippon Steel's $14.9bn bid for US Steel has propelled US Steel's shares up 21 percent. Trump claims the "partnership" will create at least 70,000 jobs and add $14 billion to the US economy, with significant investment in a new steel mill within 14 months. This follows a previous rejection by the Biden administration on national security grounds.

edition.cnn.com

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Mar 2, 16:08

Nippon Steel Revives US Steel Bid Despite Trump's Opposition

Nippon Steel plans to revive its $14 billion bid to acquire US Steel, facing opposition from President Trump who prefers only an investment, not a controlling stake, along with union concerns and competing bids from Cleveland-Cliffs and activist investor Ancora Alternatives.

Nippon Steel Revives US Steel Bid Despite Trump's Opposition

Nippon Steel plans to revive its $14 billion bid to acquire US Steel, facing opposition from President Trump who prefers only an investment, not a controlling stake, along with union concerns and competing bids from Cleveland-Cliffs and activist investor Ancora Alternatives.

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What are the immediate consequences of Nippon Steel's continued pursuit of US Steel, considering President Trump's opposition and the potential for diplomatic friction?

Nippon Steel aims to revive its $14 billion bid to acquire US Steel, despite President Trump's assertion that only an investment, not a controlling stake, is acceptable. This follows Trump's earlier, inaccurate claim that Nippon had withdrawn its purchase offer. Nippon Steel plans to discuss the matter with US government officials.

cnn.com

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Feb 28, 16:10

Nippon Steel Revives US Steel Bid Amidst Political and Labor Opposition

Nippon Steel plans to resume its $14 billion bid to buy US Steel, despite President Trump's opposition and labor union concerns, highlighting ongoing political and economic challenges for the iconic American steelmaker.

Nippon Steel Revives US Steel Bid Amidst Political and Labor Opposition

Nippon Steel plans to resume its $14 billion bid to buy US Steel, despite President Trump's opposition and labor union concerns, highlighting ongoing political and economic challenges for the iconic American steelmaker.

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How do the competing interests of Nippon Steel, activist investors, Cleveland-Cliffs, and the United Steelworkers union shape the future of US Steel?

The proposed acquisition faces significant political hurdles, including bipartisan opposition and concerns about national security. The United Steelworkers union, representing a significant portion of US Steel's workforce, also strongly opposes the deal, citing worries about job security and the long-term viability of unionized mills.

english.kyodonews.net

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Feb 10, 07:09

Trump Blocks Nippon Steel's U.S. Steel Acquisition, Imposes 25% Tariffs

President Trump announced a 25 percent tariff on all steel and aluminum imports, blocked Nippon Steel's attempted takeover of U.S. Steel, and stated that no majority stake will be allowed, impacting global trade and prompting a revised investment plan from Nippon Steel.

Trump Blocks Nippon Steel's U.S. Steel Acquisition, Imposes 25% Tariffs

President Trump announced a 25 percent tariff on all steel and aluminum imports, blocked Nippon Steel's attempted takeover of U.S. Steel, and stated that no majority stake will be allowed, impacting global trade and prompting a revised investment plan from Nippon Steel.

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What are the immediate economic consequences of Trump's 25 percent tariff on steel and aluminum imports and the blocked acquisition of U.S. Steel by Nippon Steel?

President Trump announced a 25 percent tariff on all steel and aluminum imports, impacting global trade. Nippon Steel's proposed takeover of U.S. Steel is blocked, with Trump stating no majority stake will be allowed. This decision follows a meeting between Trump and Japanese Prime Minister Ishiba, resulting in a revised plan from Nippon Steel.

apnews.com

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Jan 28, 04:09

Ancora Challenges Nippon Steel's U.S. Steel Takeover

Ancora Holdings, a \$10 billion asset manager, is challenging Nippon Steel's proposed \$15 billion takeover of U.S. Steel, nominating new directors and a CEO to pursue a turnaround plan instead of the sale, amid political opposition and legal challenges.

Ancora Challenges Nippon Steel's U.S. Steel Takeover

Ancora Holdings, a \$10 billion asset manager, is challenging Nippon Steel's proposed \$15 billion takeover of U.S. Steel, nominating new directors and a CEO to pursue a turnaround plan instead of the sale, amid political opposition and legal challenges.

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What are the immediate consequences of Ancora's challenge to the Nippon Steel-U.S. Steel merger?

Ancora Holdings, managing \$10 billion in assets, acquired a 0.18% stake in U.S. Steel and is challenging the proposed sale to Nippon Steel. They've nominated nine independent directors and Alan Kestenbaum as CEO to focus on U.S. Steel's turnaround, not the sale, and to pursue a \$565 million breakup fee.

global.chinadaily.com.cn

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Jan 15, 07:10

Biden Blocks Nippon Steel's US Steel Acquisition Amidst Controversy

President Biden blocked Japan's Nippon Steel's bid to buy US Steel due to national security concerns, prompting criticism from Japan and a rival bid from Cleveland-Cliffs, creating further complexities.

Biden Blocks Nippon Steel's US Steel Acquisition Amidst Controversy

President Biden blocked Japan's Nippon Steel's bid to buy US Steel due to national security concerns, prompting criticism from Japan and a rival bid from Cleveland-Cliffs, creating further complexities.

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What are the immediate economic and political consequences of the US blocking Nippon Steel's acquisition of US Steel?

President Biden blocked Nippon Steel's acquisition of US Steel, citing national security concerns despite both companies denying such risks. The decision has sparked controversy, with Japan expressing strong concerns and accusations of unfair treatment by the US.

cnnespanol.cnn.com

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May 24, 07:10

Trump Announces Revised US Steel-Nippon Steel Alliance

President Trump announced a revised alliance between US Steel and Nippon Steel involving a $14 billion investment and at least 70,000 new jobs, resolving previous opposition to a potential foreign acquisition of the American steel company.

Trump Announces Revised US Steel-Nippon Steel Alliance

President Trump announced a revised alliance between US Steel and Nippon Steel involving a $14 billion investment and at least 70,000 new jobs, resolving previous opposition to a potential foreign acquisition of the American steel company.

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How does this revised alliance address previous concerns regarding foreign control of US Steel and national security?

This revised alliance addresses previous concerns about foreign acquisition of US Steel, a company historically symbolic of American industrial might, now facing decades of decline. The $14 billion investment, including a new $4 billion steel plant, aims to revitalize the company and boost the US economy. The deal's success hinges on maintaining US Steel's domestic control and securing long-term commitments to unionized workers.

us.cnn.com

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Mar 1, 01:09

Nippon Steel Resumes US Steel Acquisition Bid Despite Trump Opposition

Nippon Steel plans to pursue its $14 billion acquisition of US Steel despite President Trump's opposition and various legal and political challenges, while facing competition from Cleveland-Cliffs and an activist investor seeking to replace US Steel's management.

Nippon Steel Resumes US Steel Acquisition Bid Despite Trump Opposition

Nippon Steel plans to pursue its $14 billion acquisition of US Steel despite President Trump's opposition and various legal and political challenges, while facing competition from Cleveland-Cliffs and an activist investor seeking to replace US Steel's management.

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How do the competing interests of Nippon Steel, Cleveland-Cliffs, the United Steelworkers union, and Ancora Alternative shape the future of US Steel?

The proposed acquisition faces significant political hurdles, stemming from concerns over national security and the unpopularity of foreign ownership of a once-iconic American company. Opposition includes President Trump, the United Steelworkers union, and bipartisan political figures. These concerns overshadow the potential economic benefits of the deal, such as modernization investments in US Steel's aging facilities.

english.kyodonews.net

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Feb 10, 07:09

Trump Blocks Nippon Steel's U.S. Steel Buyout

President Trump blocked Nippon Steel's majority stake in U.S. Steel, halting the $14.1 billion buyout plan, raising concerns about foreign investment in key American industries.

Trump Blocks Nippon Steel's U.S. Steel Buyout

President Trump blocked Nippon Steel's majority stake in U.S. Steel, halting the $14.1 billion buyout plan, raising concerns about foreign investment in key American industries.

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How does Trump's intervention reflect broader concerns about foreign investment in strategic American industries?

Trump's intervention highlights concerns over foreign acquisition of crucial American industries. His statement directly contradicts the initially proposed deal, signaling a shift in U.S. policy towards foreign investment.

forbes.com

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Feb 8, 01:09

Nippon Steel Withdraws U.S. Steel Bid, Opting for Investment After Political Opposition

President Trump announced that Nippon Steel withdrew its \$14.9 billion bid to acquire U.S. Steel after facing bipartisan opposition and a lawsuit, opting instead for a substantial, yet unspecified, investment in the American steel company.

Nippon Steel Withdraws U.S. Steel Bid, Opting for Investment After Political Opposition

President Trump announced that Nippon Steel withdrew its \$14.9 billion bid to acquire U.S. Steel after facing bipartisan opposition and a lawsuit, opting instead for a substantial, yet unspecified, investment in the American steel company.

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How did bipartisan political opposition and regulatory concerns contribute to the failure of the Nippon Steel-U.S. Steel merger?

The reversal of the Nippon Steel acquisition highlights the significant political influence on major mergers, particularly those with national security implications. Bipartisan opposition and the Biden administration's intervention, along with concerns about job security and the potential loss of a major U.S. company, led to the deal's collapse. The outcome underscores the complexities of balancing economic interests with national priorities.

lexpansion.lexpress.fr

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Jan 20, 10:08

Biden Vetoes Nippon Steel's US Steel Acquisition

President Biden blocked a $15 billion acquisition of US Steel by Japan's Nippon Steel, citing national security concerns and supply chain risks, despite bipartisan support for the veto and criticism from the involved companies.

Biden Vetoes Nippon Steel's US Steel Acquisition

President Biden blocked a $15 billion acquisition of US Steel by Japan's Nippon Steel, citing national security concerns and supply chain risks, despite bipartisan support for the veto and criticism from the involved companies.

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What were the primary reasons behind President Biden's veto of the Nippon Steel-US Steel merger?

President Biden vetoed Nippon Steel's $15 billion acquisition of US Steel, citing national security risks and concerns about essential supply chains. This decision, following inconclusive reviews by the Committee on Foreign Investment in the United States (CFIUS), has broad political support from both Democrats and Republicans.

nbcnews.com

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Jan 14, 10:09

Cleveland-Cliffs CEO Announces Plan to Acquire U.S. Steel

Cleveland-Cliffs CEO Lourenco Goncalves announced a plan to acquire U.S. Steel after President Biden blocked its sale to Japan's Nippon Steel due to national security concerns, triggering a lawsuit and sending both companies' shares up about 6%.

Cleveland-Cliffs CEO Announces Plan to Acquire U.S. Steel

Cleveland-Cliffs CEO Lourenco Goncalves announced a plan to acquire U.S. Steel after President Biden blocked its sale to Japan's Nippon Steel due to national security concerns, triggering a lawsuit and sending both companies' shares up about 6%.

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What is the immediate impact of Cleveland-Cliffs' planned acquisition of U.S. Steel on the American steel industry and its global standing?

Cleveland-Cliffs CEO Lourenco Goncalves announced a plan to acquire U.S. Steel, presenting it as an "all-American solution." This follows President Biden's blocking of U.S. Steel's sale to Japan's Nippon Steel, and a subsequent partnership between Cleveland-Cliffs and Nucor for a potential bid. The announcement sent share prices of both companies up by approximately 6%.

Showing 25 to 36 of 64 results