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Biden blocks sale of US Steel to Japan's Nippon Steel
Biden blocks Japan’s Nippon from taking over US Steel
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 administration.
Biden blocks sale of U.S. Steel to Japan's Nippon Steel
By David Shepardson, Tim Kelly and Katya Golubkova WASHINGTON/TOKYO (Reuters) -U.S. President Joe Biden officially blocked Nippon Steel's proposed $14.9 billion purchase of U.S. Steel on Friday, dealing a probably fatal blow to the contentious merger plan after a year of review.
Biden blocks $14 billion acquisition of US Steel by Japan’s Nippon Steel
President Joe Biden has rejected the nearly $15 billion proposed deal for Nippon Steel of Japan to purchase Pittsburgh-based U.S. Steel.
4d
on MSN
Japan's Nippon Steel offers governmental veto power for U.S. Steel production
Japan-based Nippon Steel has offered to give the U.S. government veto power over any potential reduction in steel output by U ...
2d
Why Japan Won’t Stop Trying to Invest in the U.S.
Japanese companies needing to grow have sought out American deals. Experts say that will not change even after Biden’s ...
2d
on MSN
Mike Pompeo defends US Steel, Nippon deal, urges Trump to do the same
President Biden's decision to block the acquisition of U.S. Steel by Nippon Steel citing national security concerns drew ...
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