Nippon
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A building at Nippon Steel’s East Nippon Works Kashima Area facility in Kashima, Ibaraki prefecture, north of Tokyo on Dec. 6, 2024. Richard A. Brooks | Afp | Getty Images U.S. President Joe Biden has decided to block Nippon Steel’s $14.9 billion takeover bid of U.S. Steel, The Washington Post reported . . .
President Biden has decided to block the $14 billion takeover of U.S. Steel by Nippon Steel of Japan in an announcement expected as soon as Friday based on grounds that the sale poses a threat to national security, according to people familiar with the matter. The decision would be an extraordinary use of executive power, […]
(Reuters) – U.S. President Joe Biden has decided to officially block Nippon Steel’s proposed purchase of U.S. Steel, Washington Post reported on Thursday, citing two administration officials who were not authorized to speak publicly about the matter. (Reporting by Devika Nair in Bengaluru; Editing by Mrigank Dhaniwala) Source link
Nippon Steel Corp. has promised it will not cut output capacity at United States Steel Corp.’s mills for 10 years, in its latest proposal to the administration of President Joe Biden aimed at winning approval to acquire the struggling producer, a media report said Tuesday. The Washington Post said the Japanese steelmaker sent its proposal […]
Topline The Committee on Foreign Investment in the United States (CFIUS) was unable to reach a consensus on potential national security risks posed by Japanese firm Nippon Steel’s $15 billion bid to take over U.S. Steel on Monday, leaving the fate of the controversial deal in the hands of President Joe Biden who has expressed […]
Hundreds of U.S. Steel workers gathered in the frigid cold at the Clairton Coke Works Thursday to rally support for the company’s sale to Japan-based Nippon Steel. Hundreds more appeared via video screens at various U.S. Steel plants across the country. After a number of those U.S. Steel representatives and workers spoke, several leaders from […]
Embattled US Steel has argued that it needs the Nippon deal to ensure sufficient investment in its Mon Valley plants in Pennsylvania (Philip FONG) US President-elect Donald Trump on Monday said he would “block” a planned takeover of US Steel by Japanese company Nippon Steel, a deal worth $14.9 billion including debts. “I am totally […]
Sept 25 (Reuters) – U.S. Steel (X.N), opens new tab said on Wednesday an arbitration board had ruled in favour of Nippon Steel’s (5401.T), opens new tab $14.9 billion buyout of the company, but that the . . .
CFIUS extends timeline to review Nippon Steel’s US Steel bid National security decision likely delayed at least to December, source says Nippon bid opposed by presidential candidates, US Steel’s union Nippon says merger . . .
The chief executive of U.S. Steel said on Tuesday that the proposed takeover of the company by Nippon Steel of Japan would strengthen America’s national security, and he expressed confidence that the federal government would allow the deal to close despite bipartisan calls to block it. Rebutting concerns from lawmakers and the steelworkers’ labor union […]