Biden blocks Nippon’s U.S. Steel buyout – Pennsylvania
Written by Black Hot Fire Network on January 4, 2025
(The Center Square) – President Joe Biden blocked a $14.9 billion buyout of Pittsburgh-based U.S. Steel on Friday.
The move, albeit not surprising after a year of negotiations that left the administration and other critics unswayed, means the Japan-based Nippon Steel’s intended takeover of the iconic American company will not happen without legal intervention.
In a statement, the White House reiterated national security concerns over unfair . . .
