A new rival bid for US Steel is emerging as the ... - Associated Press News
Jan 13, 2025 · The bid by Japan’s Nippon Steel to buy U.S. Steel may have a new lease on life, ... Lourenco Goncalves, the CEO of Ohio-based steelmaker Cleveland Cliffs, said in a news conference Monday that he wanted to make a new bid for U.S. Steel, which accepted the buyout offer from Nippon in 2023 after it rejected an offer by Cleveland-Cliffs. ...
Biden blocks $14 billion acquisition of US Steel by Japan's Nippon ...
Jan 3, 2025 · WASHINGTON (AP) — President Joe Biden has blocked the nearly $15 billion proposed deal for Nippon Steel of Japan to purchase Pittsburgh-based U.S. Steel — affirming his earlier vow on the presidential campaign trail to prevent the acquisition of Steeltown USA’s most storied steel company.
Biden blocks Japan's Nippon Steel from acquiring U.S. Steel - NBC News
Jan 3, 2025 · President Joe Biden said Friday that he has decided to block a $15 billion takeover of U.S. Steel by the Japanese company Nippon Steel, capping off a yearlong business saga that drifted into...
Biden blocks Japan’s Nippon from taking over US Steel
Jan 3, 2025 · President Joe Biden said Friday he is blocking a $14.3 billion acquisition of US Steel by Japan’s Nippon Steel, marking a significant use of executive authority in the closing days of his ...
Fate of US Steel’s deal with Japan’s Nippon is now up to ... - CNN
Dec 23, 2024 · The fate of Nippon Steel’s acquisition of US Steel is now in the hands of Biden, who is expected to block it after arguing for months that the company should remain American-owned to protect...
Biden blocks Japan's Nippon Steel from buying US Steel - BBC
Jan 3, 2025 · US President Joe Biden has blocked the takeover of US Steel by a bigger Japanese firm, delivering on a political promise despite fears the move could hurt Washington's relations with Tokyo and...
U.S. Blowback to Steel Merger Vexes Japan - The New York Times
Sep 6, 2024 · The prospect that President Biden is ready to block a merger between Nippon Steel and U.S. Steel on national security grounds is stirring discontent in Tokyo, where some officials view the action...
Biden blocks takeover of U.S. Steel by Japan's Nippon Steel
Jan 3, 2025 · WASHINGTON/TOKYO (Reuters) -U.S. President Joe Biden blocked Nippon Steel's proposed $14.9 billion purchase of U.S. Steel on Friday, citing national security concerns, dealing a potentially...
Nippon Steel pushes deadline to close U.S. Steel deal as Biden …
Dec 26, 2024 · Japan's Nippon Steel said on Thursday it has extended the closing date for its $14.9 billion purchase of U.S. Steel as U.S. President Joe Biden weighs whether to block a deal that has...
U.S. Steel sues to salvage its sale to Japan's Nippon Steel
Jan 6, 2025 · U.S. Steel and its would-be Japanese suitor Nippon Steel have gone to court to defend their $15 billion merger, after President Biden on Friday moved to block the deal, citing national security...
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