U.S. Steel merger likely to be blocked. Treasury letter explains why
President Joe Biden is said to be planning to end Nippon Steel Corp.’s $14.1 billion bid to buy U.S. Steel Corp. on national security grounds. A Treasury Department letter from August provides the justification.
Explainer: What next for Nippon Steel and US Steel's $15 bln mega-merger?
A U.S. government panel is set to submit its recommendations this month on whether a Japanese takeover of U.S. Steel would threaten national security, with the fate of the $15 billion mega-merger in the balance.
Biden plans to block Nippon Steel and US Steel merger, Bloomberg sources say
Nippon Steel on Wednesday slammed the "inappropriate" influence of politics on its planned takeover of US Steel after a media report said President Joe Biden would block it."It is inappropriate that politics continue to outweigh true national security interests -- especially with the indispensable alliance between the US and Japan as the important foundation,
Nippon Steel plans to invest nearly $1 billion in Gary Works if U.S. Steel deal goes through
Mayor Eddie Melton voiced his support for the merger, saying it would bring much-needed investment and help sustain the steel mill for the long term.
Nippon Steel and US Steel: what comes after the $15 billion merger?
The fate of a $15 billion mega-merger between Japan’s Nippon Steel and US Steel hangs precariously in the balance, awaiting the decision of a US government panel reviewing the deal for potential national security risks.
The Times of Northwest Indiana21h
Some U.S. Steel employees rally for Nippon Steel acquisition at Pennsylvania mill
U.S. Steel employees rallied outside a Pennsylvania steel mill Thursday to show support for Nippon Steel's $14.9 billion ...
ABC News7d
Japan's Nippon Steel sets sights on a growing overseas market in its bid to acquire US Steel
The signs at Nippon Steel read: “The world through steel,” underlining why Japan’s top steelmaker is pursuing its $15 billion bid to acquire U.S. Steel KASHIMA, Japan -- The signs at Nippon ...
IJR11d
US Steelmakers Back Trump’s Tariff Plans Amid Steep Foreign Competition
Some U.S. steelmakers are supporting President-elect Donald Trump’s proposals to place tariffs on China, Mexico and other ...
President Biden reportedly set to block sale of Pittsburgh's U.S. Steel to Japan-based Nippon Steel
WASHINGTON (KDKA) — President Joe Biden is reportedly preparing to block the sale of U.S. Steel to Nippon Steel . As of ...